Electric Company Rates and Oil

I live in Texas and I have been very interested in recent developments with the price of oil. It is kind of weird that the prices of oil have gotten so low, and I guess that maybe the Saudi government knew what they were doing when they decided to not lower production, in order to keep the price stable. I am not sure Russia was very happy about that situation, since their economy is so dependent upon oil exports. Anyway, I want to learn more here about how the decrease in oil prices will affect the local energy prices in Texas.

I am sure that there has to be some connection here, but I am not sure if it would cause an increase in prices, or if it would cause a decrease prices. But it is something I am very interested in. I am trying to learn more about economics in general, and how politics across the world affect the economy. It is a lot more complex than I would have ever guessed before I started reading about the subject. But I am convinced I am going to be able to make progress on making sense of all of this, if I am able to continue to commit a lot of my time to learning about the subject. It is important to me to have a grasp of what is going on in the world, because I think that we all have a duty to be informed as citizens. Our country cannot run properly if our citizens are not informed, and I do not mean that they should watch the major news networks. All of those networks are biased and they dumb down stories. It is awful, and I wish that something could be done about it. But I doubt that there is anything to do.

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