The Good News About the Looming Global Meltdown? Cheap Oil!
The global economy may be stalling out like a broken down Volkswagen bus, but look on the bright side: Oil prices are plunging. With Europe in disarray and China's growth slowing, traders seem to have set aside their concerns about the West's tensions with Iran and started worrying that the world simply won't need as much oil in the near future. Shown in tan below, the cost of Brent crude, which is used as a benchmark to price most oil on the world market, is down… More »


