Most of us believe that low oil prices is a good thing. We can definitely tell the difference every time we fill up at the pump, and there is no doubt that cheap oil does feel like a good thing. But is it good for the economy? A new article on Bloomberg argues otherwise, and it might be interesting to take a look at it.
As you probably, oil prices started plummeting about a year ago, and although they rebounded a bit, they remain quite low. I for one hope they stay low, and despite what the article says, I continue to believe that low oil prices on the whole, is a good thing.