Driving up to the gas pump these days is not as frightening as it was just a year ago. Prices are not down to my childhood 49 cents a gallon, but today’s petrol has dropped significantly from the heart-stopping hundred dollar SUV fill-ups.
That is good news for American commuters, with the extra buck or two of savings possibly going toward holiday gift spending. But this good news for U.S. consumers is bad news for countries and governments that rely heavily on high prices for gas exports to pad their leaders’ slush funds or pay their nations’ bills. (Read More)