The Strategic Importance of The Global Oil Market

The Strategic Importance of The Global Oil Market

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In the past year, oil prices have plummeted. At first glance, the U.S. economy as a whole appears to be a big winner. Newspaper headlines talk about "America's oil independence." In Carlisle, PA, we can gas up our cars in late-March 2015 for less than $2.50 a gallon. That means more money in our pockets for consumer goods. Therefore, consumers are big winners and are rejoicing. Is it time for a victory parade? Not so fast, says Dr. Leif Rosenberger, the Chief Economist at U.S. Central Command. As someone who has spent 3 1/2 decades connecting economics and security as a scholar, educator, and ...