Crude Price Drop: Are Low Prices Hitting the Oil Industry's Least Loved Beneficiaries?

SUGAR LAND--February 3, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Even with the modest recovery today in the oil market, $47 per barrel is something that few thought they would ever see. The root of the low price, aside from traders selling off en masse in the classic economic depression model, is Saudi Arabia's (and by extension, OPEC's) decision to maintain oil production levels in the face of increased supply from the U.S. and Canada. But undesirable elements in the industry are facing a much stronger pressure that the established and non-oil-bound economies, such as the U.S. This pressure may help to flush out these elements, while helping to maintain stability in the Middle East.

Within this article: Analysis of the impact of lower oil prices in the U.S., the Middle East, and among fringe elements--including terror groups such as ISIS.