28 Jul '13, 12pm

Cheaper Oil: Chaos or Prosperity?

Cheaper Oil: Chaos or Prosperity?

Falling oil prices could spark global turmoil ?” Steve Hargreaves seems to think so in his piece by that name published on CNNMoney. While mentioning some economic benefits of falling oil prices, the article focuses on how a significant drop in oil prices could lead to geo-political instability, especially in OPEC nations and other oil exporting countries. However, it’s important to note the myriad of geo-political positives that could result from a drop in oil prices and how these could outweigh the negatives.

Full article: http://peakoil.com/consumption/cheaper-oil-chaos-or-prosp...

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