We are really starting to see the price of oil weigh very heavily on the economy and on the stock market. On Tuesday, the Dow was down 291 points, and the primary reason for the decline was disappointing corporate sales numbers. For example, heavy equipment manufacturer Caterpillar is blaming the “dramatic decline in the price of oil” for much lower than anticipated sales during the fourth quarter of 2015. Even though Caterpillar is not an “energy company”, the price of oil is critical to their success.
Read more about Why The Damage To The Economy Caused By The Oil Crash Is Going To Get Progressively Worse
Read more about Why The Damage To The Economy Caused By The Oil Crash Is Going To Get Progressively Worse
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