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  • Plunging oil prices may trigger unrest

    12/12/2014 8:38:48 AM PST · by Signalman · 90 replies
    CNNMoney ^ | 12/12/2014 | Mark Thompson
    A global glut of oil will persist next year, putting further pressure on prices and raising the risk of unrest in some producing countries. That's the stark warning from the Paris-based International Energy Agency, which on Friday cut its forecast for global demand growth in 2015. It now sees demand growing by less than 1% next year. Oil prices have already fallen by more than 40% in six months, but there's little sign of that stimulating demand yet, or constraining production enough to remove excess supply. "Oil price drops are sometimes described as a 'tax cut' and a boon for...