The effects of low oil prices on Americans

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The Washington Post: What do falling oil prices mean for the U.S. in the short and long term?

Article published: Feb 14, 2015 – out of date: no longer suitable for your IB Economics commentary

IB Economics syllabus: Microeconomics

A bit longish article but provides a great analysis of how the U.S. economy is influenced by the low oil prices. The only shortcoming is that it leaves little room for further analysis, so my suggestion is to look for another article on this topic and then use this article to guide your commentary.

Source of image: Eric Gay, AP

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By EconDaddy IB Economics tutor|2022-01-13T12:18:30+00:00February 19th, 2015|Micro|Comments Off

About the Author: EconDaddy IB Economics tutor

My name is Daniel Szekely and I work as an IB Economics tutor, examiner and teacher. Having earned an MA degree in Economics at the University of Aberdeen, I started my career as a financial analyst at Morgan Stanley, one of the largest investment banks of the world. Yet, despite the promising career prospects of the banking industry, I decided to make a larger social impact by becoming a teacher. Currently, I teach IB Economics at SEK Budapest International School and have been an examiner for over 8 years. I started EconDaddy as a simple blog to share great articles with my students and others taking IB Economics around the world to use for their commentaries. Being a practicing IB Economics tutor, I have first hand insight into the most common mistakes of students, so the EconDaddy blog now also provides exam and commentary writing tips.