Anyone who drives a car regularly has noticed that gas prices have fallen pretty sharply over the past month -- something that fellow Brandeis grad Thomas Friedman bemoans in his column today because lower prices are likely to have a negative impact on conservation and other habits, such as fewer SUVs on the road.
But Friedman's not the only one. In the 10Q that it filed yesterday, Halliburton (HAL) was also pretty bummed about falling prices for oil and natural gas because of its negative impact on their business. Actually, they're more than bummed. In the filing, Halliburton warns that the lower prices could have a material adverse impact on both revenue and profitability. Here's a snippet:
SUBSCRIBE AND FOLLOW
Get top stories and blog posts emailed to me each day. Newsletters may offer personalized content or advertisements.Learn more