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Oil: How OPEC Lost the War

Oil: How OPEC Lost the War

How OPEC Lost the War Science!! Back in November 2014, OPEC ministers huddled in Vienna to discuss the dramatic fall in oil prices. Oil prices had plunged to their lowest point in four years. For decades, the cartel would suppress production sending oil prices higher, this time, however, was different. OPEC’s usual price manipulation schemes…

The US Trade Deficit.

The US Trade Deficit.

The United States’ trade deficit rose in October due to a decline in exports, a stronger dollar and an increase in domestic demand have limited the amount of exports. Exports slummed almost 2% while imports increased 1.3%. The trade gap soured 17.8% from the previous month.