Helms gives four reasons oil prices are down

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Helms gives four reasons oil prices are down

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Lynn Helms, director, North Dakota Department of Mineral Resources gives four reasons why oil prices are low right now in the Bakken.

Helms admits this speed of the drop was unexpected, but as they digest the reality of the global energy play, the reasons for the drop are becoming more and more apparent.

From the Middle East to an abundance in energy supply, Helms gives his opinion and what oil companies are telling him in regards to low oil prices and when they will return to drill.