Tumbling oil prices have been all over the news. However, today is the first time the price has dipped below the $60 benchmark in July 2009. Find out which countries are most affected by the sliding prices. Also, get the latest on shale production and drilling in North Dakota. Finally, see which government breaches were the worst in 2014.
Oil Fell Below $60 a Barrel Today. So Which Countries Are in Trouble?: How 'bout them oil prices, huh? Crude continued its long slide today, with the U.S. benchmark price dipping below $60 a barrel for the first time since July 2009, when the country was just fresh off the recession. The cause? Well, OPEC cut its estimate for how much oil the world will need next year, and Saudi Arabia, the cartel's most powerful member, reiterated that it had absolutely zero plans to cut production, which would theoretically take some of those excess fossil fuels off the market and push prices back up.Read More