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Are Plunging Oil Prices Good News or Bad News?

August 12, 2008 at 12:46 am

Oil prices have decreased daily over the past month, down by about 25%. I recently came across a “news” article by Henry Blodget that claims that the lower oil prices are bad news for our economy:
An important catalyst for the recent stock rally has been a sharp decline in the price of oil: Outrageous [...]