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supply_vs_demandIEA2015

Oil Prices Plummeting

Oil Prices Plummeting, but why?

– Europe & Asian Demand for oil has slowed
– World Oil Production is higher than consumption
– OPEC not lowering production (to thwart US tar/shale investments)
– Shale & Tar Sands Production Increase over past 10 years (now decreasing due to low oil prices)
– Fuel Efficient Vehicles on the rise (maybe a small part of it)

….mostly it is simple, there is far more supply on the market than demand!

 

oilprices1980-2015

EIA.gov Petroleum Data

Here are some articles discussing low oil prices and their affect on the global economy:

View Crude Oil Price (1980-2015) »

Why oil prices keep falling – and throwing the world into turmoil »

Plummeting Oil Prices (Global Research) »

The real silver lining of falling oil prices »

Oil Explained: why the price is falling and dragging the sharemarket down with it »

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