News

OPEC? Fracking? Why the Oil Market is Doomed

Monday, October 05, 2015

OPEC? Fracking? Why the Oil Market is Doomed

Oil prices have wreaked havoc on the market over the past year. Most people have pointed to OPEC as the reason prices have plunged and thousands of U.S. oil workers are out of work. But is OPEC really to blame for the drop ...

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Russian Aggression in Syria and what they’re up to

Monday, October 05, 2015

Russian Aggression in Syria and what they’re up to

Vladimir Putin’s order to begin bombing targets in Syria this week has reminded the world not much has changed in Moscow. But on the same token, it has leaders wondering exactly what Russia’s ultimate strategic goal is with the aggression in Syria. ...

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Some Theorists Propose Oil Market Not that Free

Tuesday, September 22, 2015

Some Theorists Propose Oil Market Not that Free

The oil market is continuing to struggle with no end in sight. With the price per barrel having dropped under $50 by nearly $10 since the end of the summer driving season—pre-Labor Day—the market keeps getting hit. And with factors at play...

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Russia Refusing to Adjust for Greater Good

Friday, September 04, 2015

Russia Refusing to Adjust for Greater Good

“If oil prices stay low longer enough, supply will go down naturally.” This, according to Arkady Dvorkovich, Deputy Prime Minister of the Russian Federation, is the theory driving Russia’s decision to not cut oil production. Russia intends to continue to flood the...

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Is the Oil Bust Coming?

Wednesday, September 02, 2015

Is the Oil Bust Coming?

What’s happening with oil right now is eerily similar to what happened in housing 8 years ago. If you don’t see the parallels, consider in 2005 construction in suburban Phoenix, Las Vegas and Tampa was booming. Everything from strip plazas to entire...

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Oil Price Drop; Thank Domestic Production

Tuesday, September 01, 2015

Oil Price Drop; Thank Domestic Production

Following nearly a decade of collective record profits, US oil companies have been forced to decommission about 40% of the rigs fully functioning no more than two years ago. Having dropped 50% since June of 2014, the price of a barrel of...

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What’s Next in Store for the Oil Market

Wednesday, August 05, 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 ...

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