Macro Overview March 2021

Kent Forsey, CFP® Macro Overview, Oil Prices, Oil Production, Tax Returns, Taxes, Unemployment Rates, World Economies

Every country in the world has handled the recent pandemic in different ways.  One can even say every state in the U.S. has handled it differently.  As a whole, as witnessed by the resurgence and resilience of our economic markets, the U.S. has handled it better than most.  The effect of those efforts, most likely higher taxes and inflation, has …

OPEC Pumps Up Oil Production – Oil Industry Update

Max Smith, CFP®, CIMA® | Kent Forsey, CFP® Energy Markets, Oil Prices, Oil Production

As oil prices rebounded throughout May and June, drillers revived idle rigs at the prospect of catching higher prices as they evolved. Unfortunately, the upswing in production and drilling was accompanied by growing supplies and less consumption, thus resulting in a supply glut. As a group, OPEC represents the world’s largest producer of oil, with Saudi Arabia being the single …