Low oil prices, the good, the bad and the truth
The continue decline of oil prices is an issue of international concern not only to me but also to the entire community of oil producing countries. At first glance the drop in price is a good thing to the immediate consumer, enjoying extremely low gas prices. Gas stations are maintaining an average gas price of around $2, however, some stations in Texas have sold as low as $1.40 dollars per gallon which. For the consumer each opportunity to save money is always welcome, these extremely low prices present an opportunity to increase the amount of money saved from gas to invest in other areas, this in turn can a have a positive effect in the economy because other business other than oil can experience a small increase in the sales. I a costumer can save up to $700 from gas an invest that in grocery shopping say in Walmart, that means more business to the chain of hypermarkets which could create more jobs and benefit communities where the multinational retail corporation that operates. T...