How to Relate to the Current Oil Prices
The oil price decrease depends on a variety of factors. A sharply rising dollar along with an economic downturn in Europe and China have contributed. USA has also taken a clear stance towards becoming independent of oil imports, which has led to a lot of investment to increase domestic energy production, including shale gas. At the November meeting, OPEC (Organization of Petroleum Exporting Countries), also decided not to defend oil prices and lower production in order not to lose market share, which further fueled the price collapse.