My Sunday Washington Post Business Section column is out, where we look at the impact of energy on the Economy.
The print version had the full headline “The oil supply, energy demand and a rip-roaring U.S. dollar: What it means for your portfolio” while online had the shorter What do falling oil prices mean for the U.S. in the short and long term?.
Here’s an excerpt from the column:
“The consumption and production of energy is a major component of the global economy. The huge drop in price has a significant impact in the United States — on corporate profits, employment and capital spending. Still, there has been a lot of misinformation — scare-mongering, really — about falling oil prices. A little context here can go a long way.
The economics of lower oil prices are nuanced and complex. Consider the questions it raises. What is the economic impact? Is the decrease in energy prices good for consumers and manufacturers? Or are falling prices a sign of waning economic activity? How much will corporate profits be hurt? What does this mean for hiring? And for your portfolio?”
We discuss the three factors drive the price of most commodities, including petroleum: the U.S. dollar, supply and demand.
What do falling oil prices mean for the U.S. in the short and long term?
Washington Post, Todays date 2015