Monday, February 15, 2016
The dramatic drop in oil prices continues to cause problems for the industry as a whole, with the latest cause for concern centered on storage. As Market Watch reports, the storage tanks in Cushing,...
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Tuesday, January 19, 2016
If you gone to fill up your gas tank recently, you’ve surely noticed that gas prices are continuing to drop. This decline is tied to the dropping cost of oil, which has, in turn, started to put...
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Thursday, January 14, 2016
It’s no secret that recently gas prices have taken a tumble. Now no one is complaining about having to pay less at the pump, but if you are wondering why prices are as low as they are,...
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Wednesday, December 30, 2015
Machining helps make everything from prototypes to brand new parts. When it comes to how it’s done, however, there are some differences in opinion. While most people think that CNC machining is better, others say that manual machining is still supreme. So who’s right? There is no definite...
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Wednesday, December 16, 2015
As we all know when it comes to the oil market, things change quite frequently. One week filling up your gas tank can cost $4 per gallon, while it can be less than $2 for a gallon...
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Wednesday, December 09, 2015
When you own a business, you want to make sure you do what you can to have everything go right the first time, regardless of the situation. So if you have a machine and one of the components breaks, you would do what you can...
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Friday, October 16, 2015
A market component driving down oil prices may surprise many privy to the market. An inordinate number of oil producing countries aren’t responding to the market climate and continuing production as normal. This despite the plummeting price of the resource thanks to...
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Tuesday, October 13, 2015
Tough times continue in the oil market. With prices having dropped once again to below $47 per barrel, after briefly jumping 3% as a conclusive overreaction, estimates show price per barrel to dip well into the thirties, even. Though...
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Tuesday, October 06, 2015
In the latest sentiment crude will plummet by over 100% from its current figure to below $20 per barrel, investors continued to sell of their shares in the commodity. In another blow to the already crippled market, producers are being advised to...
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Monday, October 05, 2015
OPEC has much less to do with the oil market than most might realize. OPEC's problem is it let prices stay as high as they did for so long. This allowed new competition to the market from outside its cartel, namely from US oil ...
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