Thursday, August 20, 2015
There’s more bad news for the struggling oil industry, but good news for drivers and consumer confidence. Oil this week was down 4% putting crude at 6 ½ year low. Traders are calling for October futures of $41.27 per barrel with inventory reports of a sky-high to 2.6...
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Tuesday, August 04, 2015
The Texas oil industry turned out unprecedented volumes since 2010 of billions of dollars. This has buoyed thousands of jobs ever since… until the market began to tumble. And as the price of oil wanes and the market shrinks, it’s leaving the majority of workers wondering what’s next...
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Sunday, August 02, 2015
Having dipped below $50 a barrel for the first time in 6 months to a meek $49.85, crude oil prices have dipped well into bear market territory. But this comes as little surprise given the $20+ skid witnessed throughout July, due to a number of combined factors. As...
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Tuesday, June 23, 2015
In an economy whereby all facets are interconnected- or a network economy- inefficiency is dragging down performance markers, particularly oil prices. This means in several sectors of the economy, it takes more resources to produce a given output. And with this inefficiency come a drop in prices of...
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Monday, June 01, 2015
U.S. crude was up from $49.21 a barrel in April to $61.01 due in great part to a weaker dollar. In conjunction with the weaker dollar, the Saudis disclosed they have an oil surplus. This is a strong indication the higher prices are driven mostly from speculators. A...
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Monday, April 27, 2015
In 2013, vehicles in the US achieved an all-time record for fuel economy at 24.1 miles per gallon, which is five miles per gallon more than a decade ago. This increase is set to continue in the decade to come and is projected to save nearly 12 billion...
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Tuesday, April 07, 2015
Thanks to hydro fracking, the Texas oil industry turned out unprecedented volumes since 2010. Billions of dollars have been made, thousands of jobs were created and small town economies from Maverick to Leon counties have prospered over the past five years. Enter the spring of 2015 and these...
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Tuesday, March 24, 2015
U.S. crude was up 3.6% to $49.21 a barrel this week due in great part to a weaker dollar. In conjunction with the weaker dollar, the fighting in Yemen and speculative buying boosted prices. But with energy alternatives growing tremendously, the oil bust may be for good this...
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Sunday, March 15, 2015
With oil prices having dropped immensely over the past year, analysts are indicating there is likely another price fall in the very near future. Even after having stabilized over the past month to about $50 per barrel, there are signs on the horizon there will be a another...
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Sunday, February 22, 2015
The recent drop in oil prices has been detrimental to the economies relying on oil drilling across the country. Thirty thousand workers have been laid off and thousands more are expected to lose their jobs. But analysts are unsure if the worst is truly over. Since oil prices...
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