Yes, OPEC gave you low gasoline prices. And they can take them away just as easily.
You might read in the news that OPEC (Organization of Petroleum Exporting Countries) has lost its power to maintain prices because of the shale revolution in US oil production. Nothing is further from the truth. The fact is that OPEC can make the swings even more violent, which is extremely upsetting for stability loving […]
Low Oil Prices: Good for your wallet but the global effects are surprising
The world is divided fairly clearly into two groups when it comes to low oil prices. One group benefits from them, that being business and individuals that consume oil somehow. Peculiarly that means almost everyone, which you would think would render my thesis nonsensical. That’s your problem, sit still for a minute. The other […]