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!
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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