American Worker At A Fracking Rig

The High Cost of Cheap Fuel

The plummeting price of fossil fuel has made certain industries quite profitable due to decreasing production and delivery costs. It also marginally helped car owners in certain parts of the world, even though the actual fuel price has not decreased as much as crude price.

Unfortunately our reliance on fossil fuels may end up being much more costly in the long run than any short term gains. Here’s an article that explains why the situation is the way it is while also highlighting one of the worst effects of the worldwide drop in oil prices: collapsing oil-depending economies whose fall hurts millions of people.