Tuesday, March 1, 2016
Oil prices stop crashing -Avery Yoss
Recently, up until now, investors around the world have been in a frenzy over the oil prices dropping. But now the oil price has gone up by 30 percent making it to $34 a barrel and investors are very excited. This is not good news for those of us who has to pay for gas for our cars, prices will be going up.
This is kind of like the time during the Great Depression when prices of most everything went up because of the crazy amount of people who were out of jobs and the loss of mass production.
http://money.cnn.com/2016/02/29/investing/oil-prices-surge-opec/index.html
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I think that it's a good thing and a bad thing. Good for investors bad for us.
ReplyDeleteNice connection to the Great Depression. I agree with you. Just like the Great Depression, this could be really devastating for us, which will eventually lead to devastation for companies because we will stop buying.
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