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> cheap oil, though. I doubt it will offset the effects of reduced exports to the US but it usually has a positive effect on the economy.

And a terrible effect on the environment. But that's not what anybody is worried about right now.



Maybe if the price difference does indeed lead to more oil used.

Lower prices might be good for countries like Germany to stockpile for Winter (so oil & gas they'd already use anyways) while hurting producers that rely on it being a high price to be profitable.

Less profitable may lead to less investment in oil development while wind, solar, and other means become more prevalent.




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