ICYMI: Oil’s Undercover Comeback(?)

ICYMI: The price of oil has experienced modest yet noteworthy gains over the past 30 days.  2015 and 2016 have not exactly been the greatest calendar years for oil producers, commodity markets, or gas stations. As we’ve covered previously, the price per barrel of oil recently plummeted by +70% over an 18-month span. After reaching record highs of +$105 in…

Saudi Arabia and Russia: Oil Freeze!

As we’ve mentioned previously, THE OIL GAME BE CRAY RIGHT NOW.  The price of oil/barrel has dropped approximately 70% over the past 18 months. The reason your gas has been cheap as fuck is that global demand for oil has fallen relative to the increased supply of oil globally. The major producers/exporters of oil (Saudi Arabia, Russia,…

The Significance of Saudi Arabia

Quick primer on Saudi Arabia and the country’s significant influence on current global political/economic happenings. As I’m sure many of you know, the price of oil has absolutely plummeted over the past 18 months. Once at nearly $100/barrel, oil has collapsed past what even the most esteemed commodity engineers predicted to be the “worst-case scenario” threshold.  …