Venezuela Raises Fuel Prices By More Than 6,000 Percent

Venezuela Raises Fuel Prices By More Than 6,000 Percent

photo: Javier Ignacio Acuña Ditzel In a televised-address on February 17, Venezuelan President Nicolas Maduro delivered some crushing news to his country. To address the fiscal crisis facing the country, the government decided to raisefuel prices by more than 6,000 percent. While that may sound dramatic, it will still leave Venezuela with some of the cheapest fuel […]

Only Recession Can Prevent An Oil Price Spike

photo: L.C. Nøttaasen The biggest result from the collapse in oil prices could be a future price spike. Oil prices at $30 per barrel have put most producers under water. That has led to austere budgets and severe cuts to spending. Wood Mackenzie recently estimated that $380 billion in major oil projects have been delayed or […]

Fed Rate Hike Bad Timing for Crude Oil

The Federal Reserve is about to raise interest rates for the first time in almost ten years and it couldn’t come at a worse time for the oil and gas industry. On the one hand, the oil boom was fueled by loose money from the Fed. With near-zero interest rates, money flowed into capital-intensive shale […]