News

Russia Refusing to Adjust for Greater Good

Friday, September 04, 2015

Russia Refusing to Adjust for Greater Good

“If oil prices stay low longer enough, supply will go down naturally.” This, according to Arkady Dvorkovich, Deputy Prime Minister of the Russian Federation, is the theory driving Russia’s decision to not cut oil production. Russia intends to continue to flood the...

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Is the Oil Bust Coming?

Wednesday, September 02, 2015

Is the Oil Bust Coming?

What’s happening with oil right now is eerily similar to what happened in housing 8 years ago. If you don’t see the parallels, consider in 2005 construction in suburban Phoenix, Las Vegas and Tampa was booming. Everything from strip plazas to entire...

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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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