Dealing with Movement of Oil Price Pendulum

Now the price of oil is more difficult to predict because of the substitution of this energy by new and renewable energy.

One thing that cannot be predicted and well controlled in the oil business is price. Other parameters, such as production and reserve potential - although they are not visible to the eye, with geological and petroleum sciences, they can be calculated and estimated.

Oil prices rise and fall like a pendulum. Oil companies previously used predictions of oil prices by looking at dominant factors (substantial) and non-dominant, such as product quality, supply and demand, turn of seasons, geopolitics, war between producers and economic sanctions

The impact of price fluctuations