November 14, 2014

...AND CHEAPER...:

Oil prices expected to fall further in 2015 (Deutsche-Welle, 11/13/14)

Oil prices may slump further in 2015 despite falling to their lowest levels since 2010, the International Energy Agency (IEA) said on Friday.

"Our supply and demand forecasts indicate that barring any new supply disruption, downward price pressure could build further in the first half of 2015," the IEA said.

Prices are not expected to pick up any time soon due to "deep structural changes" affecting the industry, such as weaker demand from China and rising US shale output.

Thankfully, the GOP stands to reap much of the benefit for an economic boom that has nothing to do with either party.

Posted by at November 14, 2014 5:05 PM
  

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