Falling oil prices could spark global turmoil | HartfordBusiness.com

Falling oil prices could spark global turmoil | HartfordBusiness.com:

"Falling oil prices can have a lot of benefits. They put money into consumers' pockets. They cut trade deficits. They make it cheaper for businesses to sell stuff.
But if oil prices fall over the next few years, as some analysts predict, the effects won't be all roses.
OPEC, for example, could be on the losing end. And that could lead to unrest in countries around the world.
Oil producing nations in the Middle East and elsewhere have used bulging oil revenues of the last few years to placate their people. No place is this more true than Saudi Arabia, which has subsidized housing, health care, gasoline and a host of other things to the tune of hundreds of billions of dollars since the Arab Spring protests began in 2010."

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