Oil bust about to get serious
Submitted by gjohnsit on Sun, 08/16/2015 - 1:44pmOil prices dropping to six-year lows is already serious, but doing it in the middle of the peak season for oil should get everyone's attention.
Oil prices dropping to six-year lows is already serious, but doing it in the middle of the peak season for oil should get everyone's attention.
There is a systemic and fundamental change going on in the global economy and it's time to pay attention.
With our economy and financial media engineered toward consumption, falling commodity prices generally don't register for most Americans. However, there are significant shocks from a collapsing commodity market that need to be recognized as non-negligible.