What's Behind the Plunge in Oil? Winners and Losers? Boon to Spending or Recessionary?
MishTalk
DECEMBER 16, 2014
In the wake of a widely unexpected, huge oil price decline, I have received many questions and comments. Some speculate US pressure on Saudi Arabia to punish Russia. Others think "big oil" is out to punish the frackers. I responded to a friend today that the explanation is simple. No conspiracy theories needed. This was my proposal. Did that happen?
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