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Bear Market: OIL

by Devany Serrano

​       The current price on barrels of oil have caused many pessimistic or rather “bearish” views about oil, and what to foresee in the near future. The price of oil has continued to go down, and continues to tumble down these past few months and this has caused an ultimate low. The oil has been plummeting because the price of oil has continued to get pushed down lower and lower, and the market has not witnessed something like this happen since the last global financial crisis. Crude oil is now down 70% and this has caused much pressure on the price and how it is effecting the economy.

       Although many consumers are enjoying the low price of gas, the low price on oil does not necessarily affect everyone in a positive way. This causes a huge supply and demand imbalance for people who are going to be not so self-conscience when they are driving and spending money on gas. However, companies and oil refineries are losing an immense amount of profit, and they are not going to continue supplying the amount of oil that they normally would. As the oil continues to plummet, in return oil producers are going to continue to cut back on their production. Unfortunately, during this time many companies are being battered because of their low profits, and this raises much concern.
​
       As of right now, many analysts feel that the price of oil may continue to plummet, and feel very bearish with regards to crude oil prices. Little by little the prices may continue to devour or possibly even increase, we will just have to wait and see. How do you see oil prices in the near future - are you bullish or bearish?
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  Border Proud
  • Home Page
  • What is Border Proud?
  • Regional Identity Fall 2020
    • Voter Behavior During COVID-19
    • The Economic Impact of Restricted Borders in the U.S.
    • Rising Cost of Healthcare due to COVID-19
    • COVID: Consumer Behavior and Its Consequences
    • COVID-19 and Its Effect on the Gender Pay Gap
    • Amazon in the Borderplex Tristate 2021
    • Navigating the Election During COVID-19
  • Regional Identity Collection
    • RI - Fall 2019 >
      • Nobel Laureates Use Economics to Study Global Poverty Crisis
      • Acquisition of El Paso Electric
      • Effect on Retail Sales Post Walmart Shooting
      • Sun Country Montessori: Serving El Paso’s Children
      • Downtown El Paso: Construction Underway!
    • RI- Spring 2019 >
      • Starting a Company in 3 Days
    • RI - Spring 2017 >
      • The Cannabis Market in El Paso
      • A Gateway Opportunity: The Housing Authority
    • RI - Fall 2016 >
      • Border Crossing Visionary Meeting
      • Casas por Cristo
      • Go 10
      • The Reynolds Home
    • RI - April 2016 >
      • Argentina Anew
      • Dave & Buster's
      • The Economics of Coffee Shops
      • What a Hotel can do for a Community
      • Peso Devaluation
    • RI - February 2016 >
      • Bear Market: OIL
      • Carlos Bakery
      • Hispanic Enrollment Increases
      • Kopi Coffee
      • Toll Lanes
    • RI - Fall 2015 >
      • Blake’s Lotaburger
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      • The Missing 43
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  • Regional Identity Fall 2020
    • Voter Behavior During COVID-19
    • The Economic Impact of Restricted Borders in the U.S.
    • Rising Cost of Healthcare due to COVID-19
    • COVID: Consumer Behavior and Its Consequences
    • COVID-19 and Its Effect on the Gender Pay Gap
    • Amazon in the Borderplex Tristate 2021
    • Navigating the Election During COVID-19
  • Regional Identity Collection
    • RI - Fall 2019 >
      • Nobel Laureates Use Economics to Study Global Poverty Crisis
      • Acquisition of El Paso Electric
      • Effect on Retail Sales Post Walmart Shooting
      • Sun Country Montessori: Serving El Paso’s Children
      • Downtown El Paso: Construction Underway!
    • RI- Spring 2019 >
      • Starting a Company in 3 Days
    • RI - Spring 2017 >
      • The Cannabis Market in El Paso
      • A Gateway Opportunity: The Housing Authority
    • RI - Fall 2016 >
      • Border Crossing Visionary Meeting
      • Casas por Cristo
      • Go 10
      • The Reynolds Home
    • RI - April 2016 >
      • Argentina Anew
      • Dave & Buster's
      • The Economics of Coffee Shops
      • What a Hotel can do for a Community
      • Peso Devaluation
    • RI - February 2016 >
      • Bear Market: OIL
      • Carlos Bakery
      • Hispanic Enrollment Increases
      • Kopi Coffee
      • Toll Lanes
    • RI - Fall 2015 >
      • Blake’s Lotaburger
      • Creating a Successful Business
      • Man with a Vision
      • Mount Cristo Rey
      • The Missing 43
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