NATIONAL JOURNAL 10/14/14
By Clare Foran, Ben Geman and Jason Plautz
WHAT INSIDERS ARE SAYING
WHAT’S THE IMPACT OF FALLING OIL PRICES? Which nations have the most to gain from the recent downward trend in prices, and which have the most to lose?
“With ‘demand for petroleum products declining worldwide, particularly in Europe,’ the U.S. should take a lesson from Germany before U.S. companies spend more money exploring public and private lands for a fossil fuel whose value will continue to diminish.” —Michael Shank, associate director for legislative affairs, Friends Committee on National Legislation