Summary Who has been quickly preparing for a prolonged period of lower oil prices. Clearing out the rubble will be a good thing for the sector. Prolonging the inevitable would be a big mistake. Why any market intervention will make things worse over the long term. source: Stock Photo The oil sector is a complicated market because there are a lot of conflicting interests becoming increasingly evident because of the emergence of the U.S. shale industry. These divergent interests have always been there, but they’re more visible because of the additional shale oil coming to market, which has underscored the weakness of a number of competitors which have been riding the market interventions of the past to prop up the price of oil. What the shale disruption has done is remove that as a viable response to the oil glut and the resultant low prices, forcing competitors to wait […]