EIA_Tight_Oil_Stabilizes_Brent_Crude_Pricesstability, which contrasts with historic spikes that occurred during periods of strife in other regions, is due largely to the shale revolution, according to the Energy Information Administration (EIA) in a recent report. The price of Brent crude oil has been noteworthy for having fluctuated within a narrow range of $5/barrel (bbl) for 13 consecutive months. This was during a period of significant turmoil in Libya and Iraq. The lack of movement during that time is in sharp contrast with Brent crude oil prices for the period between early 2008 and the middle of 2013, when prices hit a high of $125/bbl in March 2012, and a low of $95/bbl just three months later, the EIA report said. Historically, commodity […]