Is Oil in a Freefall?

Oil prices have dropped considerably over the last couple years, and this has had a big impact upon oil producing countries in the Middle East. Countries like Iraq, the United Arab Emirates, and Iran have seen big problems within their economies because of the falling prices. Some, like Iran with their nuclear program, have begun developing alternative methods of energy production.
A recent evaluation has shown that there are many other nations that are getting set to release oil reserves right now, and a spike in the supply when prices are already down will only drive prices down even more. Continue reading