Weekend Edition: $52 Billion Just Disappeared From the Oil Market

Imagine if Kellogg, the iconic cereal maker, just disappeared. That’s $25 billion suddenly gone… poof. That’s essentially what just happened in the oil industry. Seven oil companies – Magnum Hunter Resources, Linn Energy, Penn Virginia, Breitburn Energy Partners, SandRidge Energy, Swift Energy, and Halcón Resources – destroyed about $24.5 billion in market value in just […]