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Falling Oil Prices: Implications in the United States

Author(s): OurEnergyPolicy.org
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OurEnergyPolicy.org
Date: June 1, 2015 at 2:53 PM

Full Title: Falling Oil Prices: Implications in the United States Author(s): Stephen Brown Publisher(s): Resources for the Future Publication Date: 2015 Full Text:¬†->DOWNLOAD DOCUMENT<- Description (excerpt): Although they have increased since hitting bottom in January, world oil prices are nearly $50 per barrel lower than in June 2014 as of this writing in March. The futures market shows the drop will be sustained but with gradual increases over the next five years. The decline in oil prices is the result of both weak demand and increased supply. World oil market participants¬†gradually realized that weak economic activity in China, Japan, India,… [more]

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