Eight Pieces of Our oil Price Predicament
A person might think that oil prices would be fairly stable. Unfortunately, it doesn’t seem to work that way recently. Let me explain at least a few of the issues involved.
A person might think that oil prices would be fairly stable. Unfortunately, it doesn’t seem to work that way recently. Let me explain at least a few of the issues involved.
Oil and other commodity prices have recently been dropping. Is this good news, or bad?
There is a standard view of energy and the economy that can briefly be summarized as follows: Economic growth can continue forever; we will learn to use less energy supplies; energy prices will rise; and the world will adapt.