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December 08, 2008
Good (?) News: If Recession Hits China, Oil May Fall to 25 Dollars Per Barrel
A good news, bad news thing.
Mostly bad news.
It would be great news if oil's prices were falling to increasing supply (along with some nontrivial increases in efficiency), but it's falling due to a deep worldwide recession. Less production, less industrial output, less commerce, less trade, less wealth. Cheap gas. Not really a good trade.