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Oil Prices Drop As Global Warming Rises

2015-01-21 02:19:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: With oil prices plunging from more than $100 a barrel last summer to below $50 now, the consequences of a petro-fuelled economy are hitting homeespecially in Alberta, where experts forecast a recession. The provinces projected budget surplus has turned into a $500-million deficit on top of a $12-billion debt, with predicted revenue losses of $11 billion or more over the next three or four years if prices stay low or continue to drop as expected. Albertas government is talking about service reductions,...

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