Oil Prices: Good News by the Barrel
1 Nick Timiraos, “Gas at $3 Carries Rewards and Risk,” The Wall Street Journal, October 28, 2014.
2 See, Larry Kudlow, “Lower Oil Prices Are Unambiguously Good,” Real Clear Politics, October 18, 2014, and Chip Register, “Time to Protect the U.S. Shale Revolution,” Forbes, October 17, 2014.
3 Data from the Energy Information Administration, the Department of Commerce, and the Department of Labor Department.
4 Data from the Department of Labor and the Department of Commerce.
5 Data from the Energy Information Administration.
7 See, Leon Aron, “The Political Economy of Russian Oil and Gas,” American Enterprise Institute, May 29, 2013, and “Falling Oil Prices Put Pressure on Russia, Iran and Venezuela,” Washington Post, October 19, 2014.
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