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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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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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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Falling Oil Not All Fun & Games...

Thursday, January 15, 2015

Falling Oil Not All Fun & Games...

With oil prices having dropped to under $50 a barrel for the first time since 2005, gas prices are dropping like a rock. Americans are driving more freely without having to worry about how the gas guzzling is chewing at their pockets....

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