There are always caveats to any predictions. I may be missing something; unexpected events (wars, disasters, severe government intervention,…) can […]

OPEC is the reason many thought oil price wouldn’t drop below $85. For the US, OPEC’s main supplier is Saudi […]

Oil prices in 2014-16 are $40-$50, which is lower than shale’s “all-in” cost ($60-$70), because of another basic economic concept: […]

Summary in slides form I’ve been using oil prices in my classes for the last two years to illustrate how […]