Economic trends favor the occurrence of write-downs at other...

Economic trends favor the occurrence of write-downs at other companies. Crude oil prices have been cut in half and product inventories (remain at record levels). The thing that I think is more telling is that (these companies) are taking write-downs now in anticipation that crude prices will be low for the next few years.

Scott Smith Quote About Crude, Cut, Economic, Favor, Few: Economic Trends Favor The Occurrence...

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