Introduction
The world economy is very dependent on the price of a barrel of oil. Some economists argue that the plunge in the oil prices is primarily a good thing for the economy while others claim that it is necessary not. The oil prices have continued to fall sharply in the recent times. The question numerous people ask is whether this will continue. Anatole Kaletsky in his article titled, “What is the future direction of oil prices?” uses economics and history concepts to explain whether the oil prices will continue to fall in the future. The world oil prices have Continue reading...