Who wins and loses as oil prices fall

Dan Weissmann Dec 9, 2014
HTML EMBED:
COPY

Who wins and loses as oil prices fall

Dan Weissmann Dec 9, 2014
HTML EMBED:
COPY

As oil prices fall, the global economy has winners and losers. The losers include oil companies, and countries that rely on oil revenue.

But the worst-hit countries aren’t necessarily the best-known or biggest producers.

Trevor Houser, a partner at Rhodium Group analysts, has calculated the economic impact on every country if oil prices stay low. “It turns out the countries that are most vulnerable are oil producers we never hear about,” Houser says. For instance, if oil prices stay low, the Republic of Congo will effectively see about 27 percent of its economy disappear.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.