Why Global Demand for Oil Is Slowing Down
Economy | Information | History | Online | Facts | World | Global | Money
Recent surging global supply has led oil prices to drop to a 12-year low, and oil companies are cutting spending and production. The WSJ's Jenny Hsu explains how China plays a role in all of this. Photo: CCTV Subscribe to the WSJ channel here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Follow WSJ on Facebook: http://www.facebook.com/wsjvideo Follow WSJ on Google+: https://plus.google.com/+wsj/posts Follow WSJ on Twitter: https://twitter.com/WSJvideo Follow WSJ on Instagram: http://instagram.com/wsj Follow WSJ on Pinterest: http://www.pinterest.com/wsj/
Comments
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- There was a time when oil prices shot sky high,... causing untold sufferings,... and many companies have to shuttle up , if not gone bankrupt.. resulting in job loses...
- With the drop in oil prices, companies that associated cheap oil with their products may rekindle and come alive, employing people & creating jobs... The subsequent capex spending on such industries may replace those reductions by the oil giants.. -
what a time to be alive.
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thats fine with me.
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