Read a few posts and articles on the risk of low oil price. Frankly I am kind of lost. Isn't this will boost economy ? How the world did experts able to "back"trapolate that logic of known condition that economy in recession will have reduced oil consumption thus lower oil price. Therefore in reverse, the current low oil price climate will result in poor economic conditions ?
Let's get back to the fact. Oil price is low today because there is ample supply not because there is lesser demand. That's A WORLD of DIFFERENCE ! We have more purchasing power. We have more saving. And we will travel more ! Is the Oil Companies or vested interests trying to hoodwink our mass media to brainwash our brains ?
Let's do a fact check for the period Year 1986-1996 where Oil Price is in sub US$30 due to ample supply. Despite a small blip due to ......