So yes, we're seeing the oil price dropping every day, seems like a free fall. Where it will end? It already reached some levels we though impossible a few years ago. One other question is how this affects who?
Well you have the oil producing countries first. Yeah, Arabs and all that but also Russia. The oil price going down means Russia will have to do with a reduced budget after all. Less money for weapons and researching that new line of Suhoi airplanes.
On the other hand it affects consumers, regular Joes like you and me. Or it should have. The fuel price has dropped a litlle but not dramatically, maybe those oil businesses want to keep the extra dollars for themselves as profit. And really how can blame them? As long as the people pay for what they charge they have no reason to lower their price just because the oil barrel price falls no?
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