News

The Struggle Continues in the Oil Industry

Thursday, August 20, 2015

The Struggle Continues in the Oil Industry

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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What’s Next in Store for the Oil Market

Tuesday, August 04, 2015

What’s Next in Store for the Oil Market

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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New Lows for Crude & the Reasons Why

Sunday, August 02, 2015

New Lows for Crude & the Reasons Why

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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Inefficient Network Economy Keeping Oil Low

Tuesday, June 23, 2015

Inefficient Network Economy Keeping Oil Low

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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Don’t Let Higher Oil Prices Fool You

Monday, June 01, 2015

Don’t Let Higher Oil Prices Fool You

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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Oil Demand Won't Buoy Crippled Market

Monday, April 27, 2015

Oil Demand Won't Buoy Crippled Market

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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Crude Stirring Wave of Darkness Throughout Texas

Tuesday, April 07, 2015

Crude Stirring Wave of Darkness Throughout Texas

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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Oil Industry Hopeful for Price Spike, Future May be Lights Out

Tuesday, March 24, 2015

Oil Industry Hopeful for Price Spike, Future May be Lights Out

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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Another Drop in Oil Prices Projected

Sunday, March 15, 2015

Another Drop in Oil Prices Projected

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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Instability in Oil Prices Driving Uncertainty

Sunday, February 22, 2015

Instability in Oil Prices Driving Uncertainty

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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