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posted by Jason Kottke  ·  gift link

The Hidden Effects of Cheap Oil

Today’s drop in crude-oil prices, which began in the summer of 2014, may be as disruptive as the quadrupling of oil prices that created the oil shock of 1974.

For most of us, lower oil prices simply translate as better prices at the gas pump. But the value of oil has big consequences around the world. From Moisés Naím in The Atlantic: The Hidden Effects of Cheap Oil.