crude awakenings

Maybe It’s Time to Retire the Phrase ‘Big Oil’

Maybe It’s Time to Retire the Phrase ‘Big Oil’

It’s been a week bookended with bad financial news for the oil and gas industry. It began with Exxon getting the boot from the Dow Jones Industrial Average, and now comes news that energy companies are the tiniest piece of another venerable stock index, the S&P 500. These may be…