Wednesday 7 January 2015

How $50 Oil Changes Almost Everything - Bloomberg

How $50 Oil Changes Almost Everything - Bloomberg:



"

The plummeting price of oil means no more trout ice cream.



Coromoto, a parlor in Merida, Venezuela, famous for its 900 flavors, closed during its busiest season in November because of a milk shortage caused by the country’s 64 percent inflation rate, the world’s fastest.



That’s the plight of an oil-producing nation. At the same time, consuming countries like the U.S. are taking advantage. Trucks, which burn more gasoline, outsold cars in December by the most since 2005, according to data from Ward’s Automotive Group."



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