The price of oil is plunging, for now. The story is never as simple as supply and demand. Decreased expenses for consumers can mean governments don’t meet their budgets. Governments with surplus budgets can control less stable governments. The price at the pump is merely a consequence of economic skirmishes. Evidently, Saudi Arabia doesn’t like fracking which means Russia and Iran run into budget problems.
/cdn0.vox-cdn.com/uploads/chorus_asset/file/2500204/Screen_Shot_2014-11-28_at_3.55.50_PM.0.png)
“Oil Prices Keep Plummeting As OPEC Starts A Price War With The US” – Vox
Pretending Not To Panic 