The last few years have been strange for the oil industry. There hasn’t been a downturn as lasting since the 1990’s and while many are hopeful that prices will soon not only recover but actually boom, a healthy dose of skepticism lingers as it seems like the bounce back is taking longer than expected. Experts […]

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The Organization of Petroleum Exporting Countries or OPEC, has had a say in global oil policies and prices ever since its inception in 1960.  The organization is home to the biggest petroleum producing countries and until recently it had immense power in determining just how much one barrel of crude would cost and the effects […]

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Oil dependency is still alive and kicking.  While prices have fallen over the last couple of years, there is still significant demand for oil.  Many companies still need oil to produce some of their products and gas stations are usually pretty busy.  Alternative sources of energy and fuel may be gaining some ground, but their […]

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Oil dependency is coming to an end!  Alternative energy is taking over!  Renewable energy will be the number one source of fuel!  These are just some common expressions that you will find in different news outlets and from the voice of environmentalists who would like nothing more than to see crude oil drilling and usage […]

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Venezuela is a pretty hot topic around these days.  It seems that what’s going on in the South American country is in the news on a daily basis.  The political situation of the nation has led to a lot of uncertainty regarding Venezuela’s biggest treasure: oil.  It’s no secret that the reserves that lay in […]

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So, anything interesting in the news lately?  Oh yeah, Venezuela just had a vote to instate a National Constituent Assembly that will change the political map of the country and which will likely lead the country into a dictatorship.  That’s not all.  Besides leaving more than a dozen deaths, Sunday’s vote could prove to be […]

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As of 2015, the oil industry has experienced many changes. But those changes have been mere downturns mostly if they were to be compared with the eventualities that took place during the golden days: the 1990s. But, after taking a closer look at the history of these behaviors, it is possible to assert that after […]

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The case for Venezuela is astonishing, to say the least. How can a country with the largest proven oil reserves in the world be going through some of the most crippling economic crisis ever seen? Venezuela is a country in crisis and while protesters are being killed for opposing the government and citizens are fleeing […]

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It can be said that the world’s economy moves to the beat of commodities.  The production of cement, concrete, coffee, minerals, gold, and silver are just some of the most important commodities whose variation in prices can either boost an economy or bring it into recession.  However, perhaps no commodity is more important than oil. […]

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As we have seen in other articles, one of the most important industries in history has been the oil and gas. These businesses, have been for years’ big drivers for the economy in different countries, giving not only financial resources for them but also political tools for their projects and initiatives. In addition, due to […]

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