Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Saturday, February 7, 2015

Energy Quote of the Day: ‘The Lower Oil Price is Bringing More Deflationary Pressure’

Energy Quote of the Day: ‘The Lower Oil Price is Bringing More Deflationary Pressure’

By Edward Dodge
Boom Goes Bust: Texas Oil Industry Hurt By Plunging Oil Prices
Cheaper oil has not been translating into economic growth over the last six months and falling oil prices have also stoked deflationary fears. Some countries have been using the drop in oil prices as an opportunity to raise gasoline taxes, slash fuel subsidies or both. China has raised fuel consumption taxes by 50% since November,

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