Oil price impact to the economy. Are we in a loose-loose scenario?
I think short-to-mid term low Oil prices act as boost for most economies (that don't rely on oil). Lower costs of infrastructure make profit margins increase, people have more distributable income and etc. but what happens when prices go up again? The things get worse as spending on fuel increase for both consumers and businesses. That's the "accepted truth" right?
We are 2(maybe 3) years deep in Oil bear market, yes it is more or less stable, but stably bad, especially for countries that rely on Oil and it starts to drag economies down. The easiest way out is to increase prices, and then – we get more into recession? What do you think?
Submitted June 30, 2017 at 06:39AM by sauliusonis
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