Wednesday, February 25, 2015

Low Oil Prices Bad?


This article argued that lower oil prices were bad because more people were going to be on the road which in turn would cause high insurance premiums.  I have a hard time agreeing with this article because I think that for the most part people are conditioned to drive as little as possible, no matter what the price of petrol fuel is. I think that the lower oil prices were great because they made it easier for me to travel, in turn bringing revenue to the cities that I could visit because I could afford to drive to them.
http://www.theguardian.com/business/2015/jan/13/falling-oil-price-global-shockwaves-mixed-blessings

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