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The Downside To Low Oil Prices

Graph of Crude oil price March 21 2017
Is There A Downside To Low Oil Prices?

Four years ago, a barrel of crude oil cost over $100. Today’s closing price was $48.04.While the lower price at the pumps seems great to consumers, lower crude oil prices result in an environmental cost: More plastic is produced and less in recycled because manufacturers can buy new plastic for less than the cost of recycled products. This has a big impact on the recycling industry. Read More →