As we wonder what will happen in 2015, let us sum up in a chart the price-disaster that we saw in the oil industry
(Original publishing date 01/02/15)
It’s always useful to know what the “big picture” looks like, and that is true for oil as well:
We stand now at a 5-year low, but we need to understand one big thing here.
Five years ago, oil prices fell because of a shock of the demand (caused by the financial crisis), now we are not seeing anything like that, because we’re experiencing a supply crisis.
Same outcome, but different causes, learn how to distinguish them.