Summary of The Business of Cheaper Oil

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8 Overall

9 Importance

7 Innovation

8 Style


Oil prices giveth, and oil prices taketh away. The US shale boom threw a huge curveball to a world economy accustomed to ever-rising oil prices. In this elegantly written study, the Economist Intelligence Unit serves up a scorecard: Some of the winners (such as airlines and US motorists) and losers (like Russia and Venezuela) are obvious, others less so. getAbstract recommends this enlightening report to investors, executives and decision makers everywhere seeking a global perspective on energy markets.

In this summary, you will learn

  • Why oil prices plummeted in the second half of 2014 and
  • Who will win and who will lose in an environment of cheap oil.

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.



Oil prices plunged by one-third in the second half of 2014, a surprise collapse that roiled the world economy in ways both expected and unexpected. Continuing weak global demand combined with greater supply from the United States to drive oil prices down. US crude oil production shot from 5.6 million...

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