Thanks to the drop in crude oil prices, some TV pundits are now talking about the end of the "new" oil age. With oil now trading in a band between $80 and $88 a barrel, there's a "new normal" for crude.
But lower oil prices never hit everyone the same. The little-known truth is that, in some cases, lower crude oil prices actually make some companies even more attractive.
Thanks to the drop in crude oil prices, some TV pundits are now talking about the end of the "new" oil age. With oil now trading in a band between $80 and $88 a barrel, there's a "new normal" for crude.
But lower oil prices never hit everyone the same. The little-known truth is that, in some cases, lower crude oil prices actually make some companies even more attractive.
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The dive in crude oil prices continued Monday as yet another sell-off targeted the energy sector for a particularly big hit.
This too shall pass. But the prospect of a protracted decline in oil prices is beginning to have broader policy implications in dangerous parts of the world, where rising prices have been the norm for most of the last decade.
As this situation develops, it could quickly get downright nasty…
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