Pablo Soria de Lachica – Analyzes Reasons for the Current Oil Crisis
MEXICO CITY, MEXICO – As the worldwide oil crisis continues to resonate in economies throughout the world, analysts predict a continued downward trend of the price per barrel. Lower prices on oil may seem like an initial benefit for consumers with face-value perks such as reduced fuel prices. However, as an international broker and investment author Pablo Soria de Lachica notes, the true consequences of this type of plunge creates a variety of negative effects – and potential crises – in countries throughout the world. Reports continue to come in from across the globe noting the sources of ongoing depreciation in oil prices. The latest news out of China speaks directly to the potential risk: As the Chinese stock market continues to dive, the overall global demand for commodities drops with it. This includes oil, with a $15 drop between…