Thursday, July 30, 2015

Oil prices down means good, bad news

Oil prices plunged this morning, something that we would normally celebrate as helpful to air and road travelers. But the reason for the decline apparently is because of concerns that the bailout legislation Congress passed may not be much help to world economic growth. The dollar also strengthened against the Euro, in part because of worries about Europe's economy. More detail can be found at this link.

Oil prices down means good, bad news

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Oil prices plunged this morning, something that we would normally celebrate as helpful to air and road travelers. But the reason for the decline apparently is because of concerns that the bailout legislation Congress passed may not be much help to world economic growth. The dollar also strengthened against the Euro, in part because of worries about Europe's economy. More detail can be found at this link. 

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Tom Belden
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