News

New Lows for Crude & the Reasons Why

Monday, August 03, 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...

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Inefficient Network Economy Keeping Oil Low

Wednesday, June 24, 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 ...

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Oil Demand Wont Buoy Crippled Market

Tuesday, April 28, 2015

Oil Demand Wont 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...

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Crude Stirring Wave of Darkness Throughout Texas

Wednesday, April 08, 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...

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Another Drop in Oil Prices Projected

Monday, March 16, 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...

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Instability in Oil Prices Driving Uncertainty

Monday, February 23, 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...

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Plummeting Oil Prices Bad for Texas Machining

Wednesday, February 04, 2015

Plummeting Oil Prices Bad for Texas Machining

Dropping gas prices are keeping drivers smiling. But the real impact from plummeting gas prices has everything to with dropping oil prices. Every time oil prices significantly drop for an extended period of time, production will subsequently wane. As...

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The Oil Boom is Busting

Monday, January 26, 2015

The Oil Boom is Busting

As oil prices plummet- 60% lower than the ½-year ago figure- drilling budgets across Texas are vanishing. And usually quick drastic turnarounds such as this tend to resonate over an extended period of time. This is exactly why experts are projecting a...

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