I don't know why more analysts haven't recognized this: the surplus in production only contributed to the price drop in part, but certainly not a 60 percent drop!
For some reason, the press is reluctant to explain the Fed's impact on world events.
Friday, May 8, 2015
Oil Prices and End of Cheap Money
This piece in Oil Price explains how the end of the Fed's cheap money policy--"quantitative easing"--led to the drop in world oil prices. He provides a useful chart too: The-Simple-Reason-For-The-Oil-Price-Drop
I don't know why more analysts haven't recognized this: the surplus in production only contributed to the price drop in part, but certainly not a 60 percent drop!
For some reason, the press is reluctant to explain the Fed's impact on world events.
I don't know why more analysts haven't recognized this: the surplus in production only contributed to the price drop in part, but certainly not a 60 percent drop!
For some reason, the press is reluctant to explain the Fed's impact on world events.
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