(NaturalNews) Americans are breathing a small sigh of relief these days every time they pull into a gas station to fill up: Prices at the pump are the lowest they have been in years, and what’s even better is that a global oil glut fed in large part by massive new U.S. reserves in shale oil fields is expected to keep prices down for some time to come.
However, the collapse in the price of crude oil is also having some negative effects, and they will begin to manifest themselves more and more in the coming months in the form of rising social tension and unrest, say experts, especially in countries where oil keeps their economies afloat.
In addition to growing supplies, a stronger U.S. dollar and lower demand — consumers in the U.S., in particular, have responded to chronically high gas prices by purchasing more efficient vehicles — is also driving down prices. None of these factors are expected to change soon. Continue reading