| If oil prices fall by 25 percent or more, as some analysts predict they will next year, most Americans would cheer. But there's a downside to $70 a barrel oil: At that price, it would become too expensive to pump the crude out of Texas' Permian Basin, the second-richest oil field left in the world, thus derailing a $5 trillion energy boom. Joe Carroll and Edward Klump of Bloomberg explain what that means to us.
China's strong growth is the biggest driver of the world economy right now: If Beijing sneezes, we're all going to get the fiscal flu...............................................Full Article: Source
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