Low price of oil
lundi 31 juillet 2017 à 02:00The Keystone XL pipeline may be canceled due to lack of investors.
The low price of oil discourages investment in future oil extraction. That is good. However, it also tends to encourage more use of oil, which is bad. Whether the overall effect in good or bad depends on what other factors might tend to keep the demand for oil low.
Why is the oil price so low nowadays? Can anyone tell me?