5 Reasons Oil Prices Are Falling

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If you have been following financial news these last couple of weeks, you may have noticed that the fall of oil prices has been the leading topic since the beginning of the year. Several markets have hit a historic low, and companies whose revenues depend a lot on oil & gas have drastically reduced their costs and have decided to layoff hundreds of their employees.

For the average consumer like you, the fall in oil prices may have the short-term advantage of reducing your car’s gas bill, but in the long term there may be larger negative impacts for countries, provinces or states that have revenues that depend on energy taxes, and oil production or exploration. This also impacts several service, engineering and construction companies whose clients are oil companies. We should thus expect a rise in unemployment rate in those sectors, if this situation continues.

Anyway, the main reasons that explain this phenomenon is the rise of oil production, the stagnation of global demand, and a couple of other very interesting reasons that I encourage you to read in the presentation below. It’s a very simply written slideshare that will take 5 minutes and that I hope you will enjoy as much as I did!

 

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