The old adage proves true, that low prices cure low and crashing prices, and at least in oil, it is always followed by a big time recovery. According to data provided by Price Asset Management, history would suggest that prices of oil usually come back quicker than most people think.
Crude oil prices broke hard after the Saudi-led coalition in Yemen ended its "Operation Decisive Storm" in favor of what they are calling "Operation Renewal of Hope" that will focus on trying to find a political solution to the threat from Yemen.
Oil and gas is getting bigger, deeper, faster and more efficient, with new technology chipping away at “peak oil” concerns. While hydraulic fracturing has been the most visible revolutionary advancement, other high-tech developments are keeping the ball rolling.