Detroit News: This time, cheaper gas may fuel trouble
A story in The Detroit News poses a troubling potential downside to the global drop in oil prices: “… most of the new production [in the U.S., with help from the fracking revolution] only makes economic sense at high prices. That is, it’s expensive to get the oil out of the ground, so if prices fall too much, it will cost more to get it than it’s worth.” That reality could put jobs in peril.
