Cheap Oil Will Last A Decade, Says Huge Oil Trader

Oil field (Image: Flickr user johnny choura, used under CC license)

The low oil prices that boosted new-car sales and caused average fuel-economy gains to sputter last year may be here to stay, for a while at least. With fuel prices low throughout 2015, Americans bought more new cars, but many of them were less-efficient SUVs and crossovers. And those oil prices likely won’t increase dramatically for the next… …read more