Posted
1:13 PM
by Gene
OPEC to IMF: Bearish oil market to persistI repeat: Why is this not good news?
Some people with economics on the brain will answer: because it means the whole economy is in the tank. But weren't high oil prices a proximate cause of our current mess? And doesn't a sharp decline give business at least some relief in the expense ledger? I repeat again: Why is this not good news?