Wednesday, June 24, 2015
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 ...
Read more
Tuesday, June 02, 2015
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...
Read more
Tuesday, April 28, 2015
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...
Read more
Wednesday, April 08, 2015
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...
Read more
Wednesday, March 25, 2015
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...
Read more
Monday, March 16, 2015
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...
Read more
Monday, February 23, 2015
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...
Read more
Wednesday, February 04, 2015
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...
Read more
Monday, January 26, 2015
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...
Read more
Thursday, January 15, 2015
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....
Read more