The high price of cheap oil – The Week Magazine


The Week Magazine
The high price of cheap oil
The Week Magazine
“The oil industry, with its history of booms and busts, is in a new downturn,” said Clifford Krauss at The New York Times. The price of oil closed under $40 a barrel this week for the first time since 2009, a 60 percent plunge from its peak last year.
Cheap oil doesn’t cause recessions, and it is here to stay.The Australian Financial Review
Cheap oil boosts global growthGulf Times

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