Analysts at Raymond James today released a report outlining how the U.S. could become energy independent by as early as 2020 due to growth in domestic supply in addition to gasoline demand that has been in decline since prices spiked in 2008. According to Ramond James analyst Pavel Molchanov, “We think there will be a […]
Since the advent of the Oil ETF it seems that oil has taken on a larger role than simply an energy based commodity. Over the past 5+ years that these ETFs have been trading we have seen Oil prices go from the $40s to over $140 down to $30 back up to $115 and now […]
The Bakken Oil Field has been in existence for 2.5 to 3 million years, geologists and oil companies have been pursuing it off and on since the 1970’s. During the 70’s oil boom there was a mini oil boom in Western ND but by the early 80’s it had gone bust. It wasn’t until hydraulic […]
