Tag Archives: Oil Prices

How the Idea Behind OPEC Started Right Here in Texas

Tomorrow, the Organization of Petroleum Exporting Countries (OPEC) meets in Vienna to try to figure out a way to cut oil production.  For decades OPEC’s set oil prices by controlling supply. So the meeting will be closely watched because it … Continue reading

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Texas Town’s Fortunes Rise And Fall With Pump Jacks And Oil Prices

The middle class has shrunk faster in Midland, Texas, than nearly anywhere else in the U.S. Overall, more people are getting rich than falling behind. But extreme booms and busts make life precarious.

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Oil Prices Drop After U.S. Lifts Sanctions Against Iran

The prospect of Iranian oil adding to the global flood of crude pushed prices further down on Monday, with Brent crude, the international benchmark for crude oil, touching its lowest level since 2003 – below $28 dollars per barrel. International … Continue reading

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