Oil price plunge sends ripples through global economy


The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

©2022 GPlusMedia Inc.

Login to comment

Hell, I'm glad. Bring those gas prices down! I'm paying an arm and a leg to fill up my little k-van. I couldn't care less about investments in American oil rigs.

0 ( +0 / -0 )

High oil prices is a double edged weapon. When the oil prices go up, then alternative energy sources become attractive as well as the question of energy efficiency becomes important. These two factors force the oil prices to come down. When the prices fall, the demand of oil goes up fueling the oil prices.

If OPEC is interested in keeping the oil prices attractive but not too high, then it should not become greedy. Let it be win win for both.

There is a strong possibility of use of hydrogen as a fuel for vehicles. As and when it happens, the demand of oil will drop to zero level. EU is working on this. While other countries are working on electrical vehicles.

1 ( +1 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites