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  • Is Cheap Oil Compatible with Growth? [View article]
    Cheap oil always occurs in economic recessions. Higher priced oil occurs during economic expansion. it is not a cause and effect relationship.

    But when oil prices fall below the profit level for expanding the oil supply, the 'cheap' oil becomes one of the causes of economic contraction.

    When oil prices rise to the point where the activity it is being used for must be stopped as it is uneconomic, then oil becomes one of the causes of economic contraction.

    for everything in between, oil prices do not effect economic growth.
    Dec 18 23:27 pm |Rating: 0 0
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