The 1987 stock market crash was preceded by a drop in oil price. Is the same cycle reoccurring today? TOM THERRAMUS AND STEVE AUSTIN | 2015/01/14 The Black Monday stock market crash of October 19th, 1987 was the largest one-day percentage decline in the Dow Jones Industrial Average. The crash was a genuinely perplexing event. […]

New U.S. oil well applications dropped nearly 50% last month as fracking comes to a grinding halt. STEVE AUSTIN | 2014/12/08 Recent falls in oil prices alter the financial dynamics of oil extraction. Certain sources of oil entail lower costs than others. For example, conventional pumped oil extraction in high pressure onshore wells costs relatively […]

High-tech US oil producers need $80 per barrel to be profitable. Saudis need only $50. STEVE AUSTIN | 2014/11/04 A falling oil price is good for the US consumer and good for the US economy. Transport costs feed into the price of every physical product, so if oil gets cheaper, everything gets cheaper. If the […]