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Created with Fabric.js 1.4.5 Oil Prices The big problem with Oil prices is the lack of steady prices. Oil prices flluctate a ton and it can really effect some people. 93% fuel comes from oil. People that suffer from drasticoil price changes could besaving extra money forthings they want or need.when the prices are low it helpsthem because they can have extramoney to save. Do to the rapid increase in oilprices the shipping of crude oilby rail has increased 400%since 2005. The drop in oil prices mightnot hurt the consumers asmuch as the producerbut the producers need tomake a profit to make a profitthis forces small producersto go out of business. From 2008-2015 oil priceshave dropped from $115 downto $45. Low Oil prices forconsumers Happy Low Oil prices forproducers Bankrupt Supply Demand The More supply is to meet thedemand.But when economy is slower the demand for oilis less. The Drivers for supply are looking for new oil rigs, Newdrilling, and new location to get oil. When the economy slows the demandslows. The US has started producingoil here instead of getting it from other places like Iraq. The demand is lowerconsidering the supply is so high. 0 25 50 75 100 125 150 175 200 2008 2009 2010 2011 2012 2013 2014 2015 How much Oil cost per barrel Supply and Demand U.S. Production Summer Speculation Weak Dollar Middle East Supply and Demand is when thefuel demand is high and the Supply is low=rising prices.Weak dollar as the dollar losesvalue oil becomes more expensive.Summer means vacation more gas used.Speculation is investors betting up the price of oil in the future.
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