“Gas Taxes and Oil Subsidies: Time for Reform”
AUGUST 12, 2015
The economic effects of falling oil prices are negative overall for oil-exporting countries, of course, and positive for oil-importing countries. But what about effects that are not directly economic? Many emerging market countries have taken advantage of the last year of falling oil prices to implement such reforms. Jeffrey Frankel at Econbrowser : World oil prices have been highly volatile during the last decade. Over the past year they have fallen more than 50%.