Opinion

Petroleum markets react to oversupply

Petroleum markets react to oversupply

The recent tough times in the oil patch began in 2015 when rising oil and natural gas production, primarily in the United States, began to outstrip demand as worldwide economies began to slow down. The trend continued, and when the coronavirus pandemic hit in early 2020 economies around the globe shutdown and demand for petroleum products dropped as did their prices.

A Really Big Goof…

A Really Big Goof…

It still lurks in my mind’s “crannies,” jumping to the forefront of my thoughts more often than I’d like. It was a single sentence--uttered by someone whose name I don’t know--imparting an important truth usually requiring paragraphs, chapters or even volumes.

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