Laying the ground for energy independence

If we were to plot the “per barrel” going price of Brent Crude oil on a chart, it would by far unnerve even the most seasoned analyst. The crude prices have been falling rather steeply over the past two years, from a high of around $110 in April 2014, to hovering at around $30 in January 2016. It certainly isn’t the ideal picture. And just when you increase the timeline from two years to say a decade, another pattern emerges. The price of crude oil is cyclical Thus, even if one rejoices in the moment when the oil prices are the lowest that we’ve seen in a very long time,  it is not going to stay this way for long.

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