News

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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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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