The oil industry, with its history of booms and
busts, is in its deepest downturn since the 1990s, if not earlier. Earnings are
down for companies that made record profits in recent years, leading them to
decommission more than two-thirds of their rigs and sharply cut investment in
exploration and production. Scores of companies have gone bankrupt and an
estimated 250,000 oil workers have lost their jobs. The cause is the plunging
price of a barrel of oil, which has fallen more than 70 percent since June
2014.Prices recovered a few times last year, but a barrel of oil has already
sunk this year to its lowest level since 2004. Executives think it will be
years before oil returns to $90 or $100 a barrel, a price that was pretty much
the norm over the last decade. http://goo.gl/jGihzv
The first
commercial oil well was drilled in Titusville, Pennsylvania by an innovative
pioneer named Colonel Edwin Drake in 1859. The horoscope for this event is
rectified to 7:56 am; August 28, 1859; Titusville, PA. Major transits and
progressions to the Drake horoscope correspond to major developments in the oil
business. In more recent times, the
Drake chart remains an accurate lens to view the oil business and its effect on
the U.S. and global economy.
A chart
for the first commercial oil well, with
only the elements relevant to our present discussion, is shown here. Jupiter
conjoins the TNP Apollon with both trine Neptune. Among other things Apollon rules “business”
while Neptune governs “oil” so that the
combination along with Jupiter is referring to large or successful business
involving oil [1]. The following table lists the solar arc progression of
Saturn in the recent past.
DYNAMIC REPORT
Oil - Natal Chart
28 Aug 1859 NS, 7:56 am, LMT +5:18:42
Titusville PA, 41°N37'37'', 079°W40'26''
Selection: Solar Arc Dirns
planets
Sat (4) Opp Apo
(10) (X)
Sa-Na 2 Jun 2014 23°Cp23' D 23°Cn23' D
Sat (4) Cnj Had
(4) (X)
Sa-Na 22 Jul 2016 25°Cp33'
D 25°Cp33' R
*** END REPORT ***
Notice
that Saturn opposes Apollon/Jupiter and conjoins the TNP Hades. Martha Wescott
[2] interprets the combination as under:
Hades-Apollon: There is a decline or lack of business
opportunities.
Saturn-Jupiter : financial
restrictions; limitation on large projects
Jupiter is trine Neptune. About Jupiter-Neptune Martha Wescott writes:
Having instances of "false hope" or seeing the
self-confidence undermined..this is a period when "all that glitters definitely isn't gold." People who built
their castles on sand are discovering
that the tide has changed (and that piddly little bump is where their fortress used to be.)
Finally we
notice that transit Pluto is now beginning to oppose Jupiter.
Steven
Forrest describes Jupiter-Pluto hard aspects thus:
Under hard aspects between Pluto and
Jupiter, faith is embattled. Perhaps someone has gone down a road for the wrong
reasons…Comforting but phony elements of your life must be released and new
possibilities seized under less than auspicious circumstances.
This
applies perfectly to the sudden expansion of oil rigs in the US over the last
few years made possible by the US
Federal Reserve’s “easy money” (zero percent interest). With the drop in oil
prices, oil rigs are closing down and owners going bankrupt.
[2] The
Orders of Light; Martha Wescott Lang
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