The Price of Oil Is at a Six-Year Low, So Why Is So Much of It Being Pumped?
The slide has prompted fears the market may be oversupplied with oil. In some sense, the story is the same as when oil prices first started falling last summer: one of increased supply, paired with a slow recovery (America) and a slowdown (China) in oil-guzzling economies.
Continue Reading http://www.theatlantic.com
Join the Discussion