Archive for November 26th, 2009

When The Price Of A Barrel Of Oil Rises, Why Do Business Articles Look At This As A Positive?

Thursday, November 26th, 2009
oil price
Big Donkey Balls asked:


When listening to the news, the media outlets always seem to rejoice when oil prices increase, and lament when they decrease. Do they do this assuming that everyone out there has invested their money on oil? I can’t think of any reason why America in general would benefit from rising oil prices (environmental aspects taken out of the argument).

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