View Mobile Site

Are Lower Oil Prices Good for the Economy?

In response to a dramatic increase in U.S. oil production over the last several years, the Organization of Petroleum Exporting Countries (OPEC) decided in November 2014 to dump low-cost oil into the global markets in an effort to drive down the price of oil and punish U.S. oil producers.  As a result, crude oil prices have fallen by about 50% over the last year.    
So, are much lower oil prices good news for the U.S. economy? I think most people would rather pay $2 for a gallon of gas than $4. But in order to fill up ...

** Subscribers Log in to read this full article.

In order to view premium content, you must purchase a subscription.

Thank you for showing so much interest in our site! Our policies allow 10 free article views each month. To access additional articles including the E-Tribune, please subscribe. Already a print or online subscriber? Just log on to access additional content.

A subscription is required before viewing this article and other premium content.

Already a registered member and have a subscription?

If you have already purchased a subscription, please log in to view the full article.

Are you registered, but do not have a subscription?

If you are a registed user and would like to purchase a subscription, log in to view a list of available subscriptions.

Interested in becoming a registered member and purchasing a subscription?

Join our community today by registering for a FREE account. Once you have registered for a FREE account, click SUBSCRIBE NOW to purchase access to premium content.

Membership Benefits

  • Instant access to creating Blogs, Photo Albums, and Event listings.
  • Email alerts with the latest news.
  • Access to commenting on articles.

Please wait ...