Why Low Gas Prices Are Bad For The World

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Oil prices are the lowest they’ve been in five years, so what could possibly be bad about that? TestTube Daily takes a look at the negative effects behind cheaper gas at the pump.

Learn More:
American Households Are Saving $42 Per Month On Lower Gas Prices
http://www.businessinsider.com/us-low-gas-prices-savings-2014-11

Russian Ruble Plummets, And 4 Other Oil-Slump Related Headlines
http://www.npr.org/blogs/thetwo-way/2014/12/01/367759415/russian-ruble-plummets-and-4-other-oil-slump-related-headlines

Venezuela’s Future: ‘Barbarity’ and ‘Looting’ as Oil Drops
http://www.nbcnews.com/business/economy/venezuelas-future-barbarity-looting-oil-drops-n259116

U.S. Energy Information Administration: World Oil Production
http://www.eia.gov/countries/index.cfm?topL=exp
“Data through 2012 by country, region, and commercial group (OECD, OPEC) for 219 countries including total and crude oil production, oil consumption, natural gas production and consumption, coal production and consumption, electricity generation and consumption, primary energy, energy intensity, CO2 emissions and imports and exports for all fuels.”

Watch More:
Where Does Our Oil Come From?
https://www.youtube.com/watch?v=KaRBrj5GjIE&list=UUgRvm1yLFoaQKhmaTqXk9SA

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