The price of a barrel of oil has dropped from over $100 to under $50 since June 2014. This decline can be measured by looking at the Brent Oil which is the international index or West Texas Intermediate (“WTI”) which is the U.S. index. Why was there this sharp decline? Like all commodities it is about supply and demand. When the supply is up and the demand is down prices decline.
This article is original content written by Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA Mad Max 2 known as The Road Warrior was a 1981 movie that was the second installment of the Mad Max film series. The star and hero of the movie was Mel Gibson (remember him?) who played “Mad” Max. The… Continue Reading: Mad Max Was Wrong