Oil prices are steadily making headlines because of the continued downward trend.
The U.S. economy has continued to demonstrate growth and this growth is related to the shale oil and natural gas industry. This energy sector has feverishly worked in prepping and creating the spider web of pipelines throughout the entire United States, which has created hundreds of thousands of job.
Because the United States is becoming less dependent on foreign oil, it has created a surplus in oil reserves. This trend in addition to OPEC deciding last week NOT to slow production, has driven the oil prices from $100 range per barrel to $60 range.
Low oil prices = lower gas prices = more disposable income for the average family. This in turn creates an in direct stimulus to the U.S. economy.
SOUNDS GREAT, RIGHT? BUT KEEP READING!
But these low oil prices WON’T LAST for long because of the reeling affects to many countries that export oil and the negative impact on their currencies.
Analysts are indicating that by the end of the 1st quarter 2015, oil prices will increase to between $80 – $90 a barrel.
SO WHY DOES THIS MEAN I SHOULD BUY HEAVY EQUIPMENT NOW?
When the oil prices increase, the dollar will decrease. That means that overseas buyers will be back in the market to purchase U.S. heavy equipment which will drive up the sale prices significantly.
SO NOW IS THE TIME TO BUY IF YOU ARE IN THE MARKET FOR USED HEAVY EQUIPMENT!
Contact us for more information and the best wholesale prices on the market, sales@experthe.com or call direct at 281-245-3363.
