Are You Paying Too Much For Gas?

Recently the media has been utilizing headlines including: “Energy Companies Detail Hundreds More Layoffs,” “More Job Cuts Expected for Oil Workers in 2016,” and “Oil, Gas Companies Lay Off Hundreds More Texas Workers,” to make it appear as if the recently low gas prices are creating massive losses for oil and gas companies. In reality, the margins the companies are dealing with are significantly higher than they historically have been. (more…)

Has Oil Bottomed Out?

The price of oil has been on the decline for the past few years, but has it finally hit its lowest? The price per barrel of oil has been rallying bearishly, but on Jan. 20th, 2016 it hit a decade low at $27.71 a barrel. This low has since been forgotten as price today is $46.96 a barrel, but countless financial analysts are torn about what direction price is going to dominantly take. (more…)