Oil Price Drop and Effect Causes | The Energy Collective
World crude oil prices have declined by over 20% since June 2014. While this level of price volatility is not without historic precedent, prices are projected to possibly decline to much lower levels by year’s end. Further decline in crude oil market prices will impact most petroleum oil Suppliers and Consumers. Lower oil prices should directionally benefit Consumers and help struggling economies around the World. The decline in oil prices, however, can pose economic and other risks to many petroleum oil and alternative fuels Suppliers. Will declining crude oil market prices create significant economic and sustainability risks to the OPEC Cartel, U.S. Energy Security or Alternative Clean Fuels programs?