Negatives of lower crude oil prices.

  1. Cheaper oil slows down the development of Alternative energy sources
  2. Americans would splurge more on gas stations impulse junk: “Twinkies anyone?
  3. It increases the US dependency on foreign supplies of crude oil because to remain economical US shale-sourced supplies need a reasonable price of crude oil
  4. It encourages unnecessary driving and eliminates the need for carpooling
  5. It promotes overconsumption of plastics destroying the habitat
  6. It discourages innovation: we would never have Tesla if crude oil stayed at $1/barrell
Negatives of lower crude oil prices.

Leave a Reply

Your email address will not be published. Required fields are marked *