Newspapers seem to emphasize the positive aspects of the drop in - TopicsExpress

Newspapers seem to emphasize the positive aspects of the drop in oil prices. Gail Tverberg has written Ten Reasons Why High Oil Prices are a Problem. If our only problem were high oil prices, then low oil prices would seem to be a solution. Unfortunately, the problem we are encountering now is extremely low prices. If prices continue at this low level, or go even lower, we are in deep trouble with respect to future oil extraction.

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