The oil price story

Just watched this short summary video from Bloomberg, I think it is probably one of the best explanation of gas prices situation today. As we all know, gas prices affects the stories from the supply side and the demand side significantly. From the demand side, we see consumers being able to reduce expenses on gas. The saving actually helped other industries like the automotive industry itself – consumer can shift the fund to buying more expensive cars! From the supply side, the oil producers are suffering. Layoffs, cost cutting, etc., and the dependent industries also suffers. Unfortunately Caterpillar, the company...