Oil Price Plunge? It’s The Global Economy, Stupid!
by Tyler Durden
ZeroHedge.com
09/12/2014
The decline in the price of oil – in the face of surging geopolitical pandemonium – has been lauded as indicative of both US’ awesomeness in energy independence and a tax cut for Americans… but, as the following chart suggests, there may be another – much more realistic – explanation for why oil is plunging… demand!
World GDP expectations for 2014 just tumbled to their lowest since estimates started…
The Rest…HERE
