Recently, there has been a great deal of discussion over oil prices—up, down, in a bear market, what is OPEC doing? So, let’s see what we can discern by applying our usual methods to the situation: evaluating changes over time, rather than in the short term; applying some historical perspective; and then looking at the fundamental economic realities to figure out what they mean now and in the future. I think you will find the results interesting.

Click the photo to see the full article.