Oil's Downfall Aided by Rise of FrackingGuest Post
Oil's Downfall Aided by Rise of Fracking
Posted on May 20, 2016 by Ryan Vanzo
Earlier this year, oil prices fell to roughly 15-year lows, a global downturn for one of the world’s most lucrative industries. Oil’s decline has had global ramifications, impacting not only the United States, but major exporters like Saudi Arabia, Russia and Venezuela. So what happened?
For a clue, it helps to look at Saudi Arabia. Petroleum products account for 90 percent of the country’s export market, forcing its economy to fluctuate at the whim of oil prices. With a GDP . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible