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> cheap oil, though. I doubt it will offset the effects of reduced exports to the US but it usually has a positive effect on the economy. And a terrible effect
by awaaz 1y ago
> cheap oil, though. I doubt it will offset the effects of reduced exports to the US but it usually has a positive effect on the economy.
And a terrible effect on the environment. But that's not what anybody is worried about right now.
- sightbroke 1y agoMaybe if the price difference does indeed lead to more oil used. Lower prices might be good for countries like Germany to stockpile for Winter (so oil & gas they'd already use anyways) while hurting producers that rely on it being a high price to be profitable. Less profitable may lead to less investment in oil development while wind, solar, and other means become more prevalent.