CNNMoney | Some U.S. oil companies need to die CNNMoney The big problem facing the oil industry is that the prices are extremely low because the world has too much oil. Even though oil is sitting below $50 a barrel, American shale oil producers continue to pump at a ferocious pace. At the same time, OPEC ... Autumn demand lull to put more pressure on oil Oil prices won't bounce back until 2017 Oil Price Forecast: Are Oil Prices About to Hit $30? |