TITLE

CHEAP OIL: GOOD NEWS & BAD NEWS

AUTHOR(S)
Smith, Patricia; Mouwad, Jad; Krauss, Clifford; Romero, Simon; Slackman, Michael; Levy, Clifford J.
PUB. DATE
February 2009
SOURCE
New York Times Upfront;2/16/2009, Vol. 141 Issue 10, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the pros and cons of the low price of petroleum in the U.S. The cited primary reason for the decline in price of petroleum are the global financial crisis and continuing recession. One of the disadvantages mentioned is the tendency for people to return to inefficient energy use and avoid vehicles that utilize alternative energy technologies. It is said that the decline in prices of petroleum would offer opportunity for the government to impose a carbon or gas tax.
ACCESSION #
37013332

 

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