Oil slide to $10? Don't scoff, it's happened before: Don Pittis As some bet on sub-$20 oil, we look for tools to tell us where prices will go next
By Don Pittis, CBC News Posted: Jan 16, 2015 5:00 AM ET Last Updated: Jan 16, 2015 10:26 AM ET
The oil market is going through the same thing that fur trappers saw 200 years ago in beaver pelts: a vicious circle as sellers flood the market to recoup costs amid plunging prices that drop even further because of oversupply. (Reuters)