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Why the Price of Oil is Dropping Worldwide and its Economic Effect

Business & Finance : Global Edge

The ever-changing oil industry is currently facing a downturn, as the price of oil per barrel has been cut roughly in half since June 2014, the lowest since the economic recession in 2009. Over the last decade, oil prices were norma...

Leading Peak Oil Theorist Now Thinks We're At Peak Demand, Oil Won't Break $100

Business & Finance : Business Insider: Money Game

Colin Campbell, a leading peak oil theorist who is a retired geologist, has discovered the pricing mechanism. After record prices and an economic downturn caused oil consumers to change their behavior, and oil demand in the develope...

Morgan Stanley's worst case scenario for oil 'turned out to be too optimistic'

Business & Finance : Business Insider: Clusterstock

The "oil price downturn is now deeper and longer than any of the previous downturns since 1970," according to Morgan Stanley. Martijn Rats and his team at the investment bank say oil is now in "uncharted territory", in a note sent t...

Oil price outlook: Is this the beginning of a downturn?

Business & Finance : USAToday: Money

One of the most important variables in determining the outlook for oil prices for the rest of the year is the pace of growth for U.S. shale.        

Why Another Oil Price Downturn Is A Distinct Possibility

Business & Finance : Zero Hedge

Submitted by Nick Cunningham via, In June 2015, oil prices surged to $60 per barrel, raising hopes that the oil price downturn would have been brief and the recovery swift. But by July, oil prices were heading back down...


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