The Australian Financial Review | Shell, Exxon set the scene for future oil-price shock after $US114 billion cuts The Australian Financial Review As the oil patch grows accustomed to a new world of $US50 to $US60 crude, it's now looking ahead to a different but equally daunting sort of cliff. Oil companies are warning there will be a price to pay - a much higher price - for all the cost cutting ... Big Oil's Latest Fear: A Price Shock After Spending Cuts Oil Prices Won't Recover Anytime Soon Says Exxon CEO Exxon Mobil Firms to Pay Nearly $5M for Arkansas Oil Spill |