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Re: nordicroots post# 306464

Saturday, 07/04/2015 3:04:25 PM

Saturday, July 04, 2015 3:04:25 PM

Post# of 360588
US 75.00/barrel will have few ripple effects. Anything under 90.00 will be easily swallowed. Not long ago (in the overall scheme of things) it was in triple digits. The only major negative impact will be on those governments that are considering raising petrol taxes given low prices at the pumps. The two countries hurt most by any significant increase will be China and India...or almost half the world's consumers.

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