9 years ago
How to Assess the Recent Drop in Crude Oil Prices
Crude oil prices in the United States fell to their lowest level in six years on Tuesday (August 11). This is causing hardships in oil exporting countries, but it is a welcome relief to American drivers who are spending less money at the pumps. Robert Stavins, Albert Pratt Professor of Business and Government and director of the Harvard Environmental Economics Program, offers his perspective on the impacts of falling oil prices in this Q-and-A.
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