Friday, August 21, 2015
The Struggle Continues in the Oil Industry
There’s more bad news for the struggling oil industry, but good news for drivers and consumer confidence. Oil this week was down 4% putting crude at 6 ½ year low....
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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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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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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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Tuesday, June 02, 2015
Don’t Let Higher Oil Prices Fool You
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...
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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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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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Wednesday, March 25, 2015
Oil Industry Hopeful for Price Spike, Future May be Lights Out
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...
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Monday, March 16, 2015
Another Drop in Oil Prices Projected
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...
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Monday, February 23, 2015
Instability in Oil Prices Driving Uncertainty
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...
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