FYI: Since early 2014, the price of oil has plummeted. It peaked last year at $105 a barrel and is now about $50.
The consumption and production of energy is a major component of the global economy. The huge drop in price has a significant impact in the United States — on corporate profits, employment and capital spending. Still, there has been a lot of misinformation — scare-mongering, really — about falling oil prices. A little context here can go a long way.
Regards,
Ted
http://www.washingtonpost.com/business/get-there/2015/02/13/018153be-b26e-11e4-886b-c22184f27c35_story.html
