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The cure for lower prices, lower prices
Motorists must be glad the price of fuel is one thing they do not have to worry too much about as they face the worst recession since the 1930s, but cheap fuel is not good for anyone in the long run.
Global oil prices have collapsed since July, losing two thirds of their value from a peak of almost $150 a barrel and dragging fuel costs to their lowest levels for several years.
But while low energy costs come as welcome short-term relief to consumers and companies struggling with the financial and economic crisis, longer term they can be…
4Dec2008 | The Real Deal | Comments Off | Continued
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