REUTERS/Jason Reed There was a time, and it was not so long ago, that western economies would enthusiastically welcome a sharp drop in oil prices. This no longer seems be the case. With oil prices almost halving in the last 12 months – and falling even more in the last 15 months in one of the largest and fastest plunges in history – the phenomenon is now seen by many as more as a curse than a blessing. Here are the three main reasons why, in rising order of importance; followed by how this p...
REUTERS/Jason Reed There was a time, and it was not so long ago, that western economies would enthusiastically welcome a sharp drop in oil prices. This no longer seems be the case. With oil prices almost halving in the last 12 months – and falling even more in the last 15 months in one of the largest and fastest plunges in history – the phenomenon is now seen by many as more as a curse than a blessing. Here are the three main reasons why, in rising order of importance; followed by how this p...
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