The EU and the US Oilpatch

As a group, ROE for publicly-traded US operators rose to a five-year high in Q4 2018, as production increased and cost per barrel held steady. But the overall results were skewed by the good performance of the largest operators, as smaller firms remain under pressure to cut spending.  Richard and John discuss how the financial health of US operators resembles the problems faced by the EU in stimulating its economy.