Q: IPL down quite a bit today. Is there news or is it oil price related? what is the relationship between pipelines and oil price? I would have thought that pipelines make money moving oil and if the price of oil is down, then wouldn't more oil (or at least the same amount) of oil move? Or is the fear that some projects have/will be cancelled because of the low oil prices?
Hoping your can clear this up for me (and likely others). Thanks.
Paul F.
Hoping your can clear this up for me (and likely others). Thanks.
Paul F.