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The Problem With Cheap Oil

Perhaps it’s the perfect storm for crude oil prices. Grounded planes, consumer lockdowns, and skyrocketing unemployment all add up to less need for oil. Meanwhile, with the Saudis gushing crude,…

Why Oil Always Surprises Us

“An Oracle of Oil Predicts $200-a-Barrel Crude” The headline was in the NY Times on May 21, 2008. Because the prediction came from a Goldman Sachs analyst who had been right about $100 a b…

Why Cheap Oil Can Be a Curse

Illustrated by the impact of cheap oil, the natural resource curse hits countries that have disproportionately focused economic activity on one industry.…