Investors, efficient drilling technologies, and diminishing crude production are keeping the U.S. shale industry afloat. After a precipitous decline in oil over the last six months, the U.S. is still a winner with cheap oil. Despite forecasts of a slowdown, shale production is able to sustain itself. The number of […]
Tag: crude oil
Refinery Strikes Had Little Impact on Gas Prices That Will Continue to Fall
By Marguerite Ward Some experts speculated that the United Steelworkers strike, the largest oil refinery strike in over three decades, would send gas prices upward. But after six weeks, the strike is essentially over and gas prices are set to fall again. Right before the strike ended, Fitch Analytics released […]