Battle for oil

The price of oil falls and falls and falls and falls. This has nothing to do with the state of the world economy. The conflicts in the Middle East are to blame.

This commentary is from the column “Mayers Weltwirtschaft” (Mayer’s World Economy) which was published in the FAS (Frankfurter Allgemeine Sonntagszeitung) and is available online at www.faz.net (in German only).