YGRN - Don't Sweat The Crash In Oil Prices

By Peter C. Earle

As if virus mania weren't enough: oil prices have crashed, down at least 25% percent in a mere 48 hours, after falling more since last week. Yes, that's the largest price drop since 1991. No, it is not the end times. This has almost nothing to do with virus fears. It's the result of a much-overdue price war among producers from which the consuming public will benefit. Amid the waves of bad economic news, this is actually good news.

Here's the background.

The weekend news that Saudi Arabia was poised to

Read more ...