15.12.2015 - Why low oil prices are bad news
Crude oil dropped below US$35 a barrel for the first time in six years Monday, but what most media outlets report as good news is disastrous for some nations and Mother Nature after years of price-based fuel efficiency takes a back seat. Leaders in oil-producing nations who depend on oil revenue to feed, house, and care for their poorest citizens are also struggling to maintain economic stability. In spite of falling prices per barrel, countries are still increasing production for fear of losing market share...............................................Full Article: Source
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