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Here's Why Cheap Oil Can't Help the U.S. Economy Right Now

2016-01-22 14:42:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: It has been a truism of the American economy for decades: When oil prices rise, the economy suffers; when they fall, growth improves. But the decline of oil prices over the last two years has failed to deliver the usual economic benefits. As oil prices have fallen to levels not seen since 2003 sagging below $27 a barrel on Wednesday before rebounding to about $30 on Thursday many experts now say they do not expect lower prices to bolster the domestic economy significantly in 2016. We got...

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Why Solar and Wind Thrive Despite Cheap Oil and Gas

2016-01-22 13:00:00| Climate Ark Climate Change & Global Warming Newsfeed

National Geographic: The prolonged plunge in fossil fuel prices is rippling across the globe. Yet it's barely put a dent in the booming market for clean energy, heralding perhaps a new era for wind and solar. Oil prices of less than $30 a barrel-the lowest in 12 years-have shaken stock markets and ravaged the budgets of major producers such as Russia and Saudi Arabia. Along with falling gas prices, they've slashed the profits of fossil fuel companies, which are delaying dozens of big projects worth an estimated $380...

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Why you should worry about cheap oil

2016-01-21 23:53:13| Oil & Gas - Topix.net

Sure, the stunning crash in oil prices below $30 a barrel seems great for consumers because it's driven gas at the pump below $2 a gallon. And the thinking is that it should help boost the U.S. economy, with people spending their gas savings.

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Cheap oil, good for consumers, is slamming stocks. Why?

2016-01-20 23:10:00| Energy - Topix.net

Stocks are having their worst start to a year in history in part because of a rapid plunge in the price of oil. The price of crude is down 28 percent this year already, which in turn has dragged down energy company shares in the Standard & Poor's 500 index by 13 percent, which has helped pull the overall index down 9 percent.

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Cheap Oil, Good for Consumers, Is Slamming Stocks. Why?

2016-01-20 22:40:12| Oil & Gas - Topix.net

Stocks are having their worst start to a year in history in part because of a rapid plunge in the price of oil. The price of crude is down 28 percent this year already, which in turn has dragged down energy company shares in the Standard & Poor's 500 index by 13 percent, which has helped pull the overall index down 9 percent.

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