There would be no problem if wages were to rise as oil prices rise.
Why Low Oil Prices Are Positive for the Solar Electric
I have been aided in my approach by the internet and by the insights of many commenters to my blog posts.
Why Oil Price Volatility Is Low - Business InsiderAnd lower wages put downward pressure on commodity prices, because of affordability problems.
Oil Prices Plunged - Why Haven't Airfares and Some HomeA look at how the US shale industry has managed to keep drilling in the face of low oil prices (at least so far).Why low oil prices may suddenly be a problem for the global economy. on emerging countries than 15 or 25 years ago — the last periods of ultra-low oil prices.
Why Oil Prices Will Stay Low for Decades - The Experts - WSJOr think of a miner who is extracting ore that is gradually dropping from 5% metal, to 2% metal, to 1% metal content, and so on, because the best quality ore is extracted first.The big problem that occurs is that non-elite workers become too poor to afford the output of the economy.Three Mile Island reactor would have safely shut itself down except for the employees who thought they new better and should take control.
Will there be a stock market crash soon, due to fallingFor example, we can now see the problems South Australia is having with high electricity prices and too many outages.
Pegging the dollar to oil to create demand for dollars all backed up by military force is what Trump and others before him call MAGA.Crude oil prices plunged to a six-year low Tuesday in a potentially painful threat to oil-exporting nations that rely on crude to power their economies.
Why you should worry about cheap oil - Jan. 21, 2016It is only in recent years that physicists have become increasingly aware of the fact that many types of structures form in the presence of flows of energy.In his State of the Union address this week, President Barack Obama gave an approving nod to the price of oil, which is now the lowest it has been in more than a decade.The oil industry is facing rising debt from collapsing oil prices, but there could be another sector that becomes a casualty of the low oil price environment.
Nestles and the other companies pumping free groundwater the selling you bottled water at high prices are cornering the market for drinking water.You can do without gas (ride your bike) but you need drinking water.It takes energy to have an intergovernmental organization, such as the European Union.Peak oilers recognized one important point: our use of oil products would at some point have to come to an end.With that backdrop, any euphoria over low oil prices is questionable.
Unilever 2015 results: Why low oil prices are bad for
Why low crude oil price may persist | Futures MagazineHow do we divide up the goods and services produced, among those who produced the products.
Oil prices continue to tumble: down about 25 percent since mid-June to a four-year low, and many analysts believe there is no end in sight.Once I noticed that UN data was being used, I concluded information and arguments are FAKE NEWS.Using more tools leads to the need for an increasing amount of debt.The period since 1998 seems especially flat for wages for US wage earners, in inflation-adjusted terms.Oil prices have been too low for producers since at least mid-2014.Leaders in oil-producing nations who depend on oil revenue to feed, house, and care for their poorest citizens are also struggling to maintain economic stability.
Why crude oil prices still have a long way to fall: Gary Shilling.