Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Drown baby, drown

Oil at US$10 a barrel! OMG! That's fantabolous - at least, for oil consumers the biggest three of which are the United States, China, Japan. And at least in so far as what this old, ageing bloke learned in Economics 101. Higher oil prices are a tax on consumption or its converse, lower oil prices increases disposable income.

Upgrade your subscription to access this article

And gain access to:
  • All archived news content
  • Access to the Financial Standard app
  • Home page news customisation
  • Financial Standard 's fortnightly newspaper
  • 25% discount on tickets to networking events
And more
Already A Subscriber?

Read more: IranChinaEconomicsJapanUnited StatesUS Energy Information AdministrationSt. Louis Fed President James BullardDr. Nouriel RoubiniBrentEUKuwaitMiddle EastNew York Federal Reserve President William DudleyStandard Chartered BankTehranTreasury Inflation-Protected SecuritiesWTIYom KippurZaire