by Justin Spittler
Casey Research
Oil is plummeting right now.
The price of oil has fallen each of the last six days. It’s now down 19% since the second week of June. And it’s trading at its lowest level since April.
If you’ve been reading the Dispatch, this might seem like déjà vu. For much of last year, we wrote about how oil was in free fall.
As you may recall, oil prices crashed for a simple reason: the world had too much oil.