Tag Archives: lower oil price

Lower Oil Prices–Not a Good Sign!

Posted on June 28, 2012 by Gail Tverberg

Are lower oil prices good news? Not really, if it means the world is sinking into recession. We know from recent past experience and from common sense that higher oil prices are a drag on oil importing economies, since if … Continue reading →

Posted in Financial Implications, News Related Post | Tagged default, high oil prices, layoffs., lower oil price, oil price, PIIGS, recession | 30 Comments

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