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Economically not all good. Oil companies depending on higher prices (most of them), will start having to reduce number on employees, or, worst case, go bankrup
by joakleaf 11y ago
Economically not all good.
Oil companies depending on higher prices (most of them), will start having to reduce number on employees, or, worst case, go bankrupt and take financial institutions with them (because of debt).
- alkonaut 11y agoAs with anything there are winners and losers. Most companies are not oil companies, most people are oil consumers and not employed by oil companies. The "mostly good" here is of course for an average company (oil buyer) or average consumer (employed by a non-oil company, and an oil buyer), or even an average country (net oil importer).