| 13.01.2015 - Oil Prices: What Is Behind the Drop? Simple Economics |
| The oil industry, with its history of booms and busts, appears to be in the early stages of its latest downturn. The price of oil has plunged more than 55 percent to under $50 a barrel since June. That is the lowest price since the depths of the 2009 recession. Oil analysts predict that the price could fall below $40 before beginning to rebound. But even optimists say $70 a barrel by the end of the year is highly doubtful...............................................Full Article: Source |