je.st
news
Extended slump in oil taking toll on industry, economy
2015-07-31 21:40:32| Energy - Topix.net
As drivers, shippers and airlines continue to enjoy lower fuel prices, the oil industry is responding to much lower profits with sharp cuts in spending and employment that are hurting economic growth. Low oil and gas prices are good for the overall economy because they reduce costs for consumers and business.
Tags: industry
taking
extended
oil
Category:Energy and Environment
Latest from this category |
All news |
||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||