The October 12th episode of Mad Money featured DeCarley Trading WTI crude oil futures market analysis.
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The oil booms of 2014 and 2018, were met with a rush of production from large publicly traded operations. In 2021 social and political pressure to go green, towing the OPEC line to keep the peace, and drilling moratoriums, have discouraged production at a time of high growth demand as the economy opens back up. The oil crash of 2020 wiped out some small shale oil producers and left others on the brink of bankruptcy; what a difference a year makes.
