Could Cheap Oil Help Fix U.S. Roads?
As falling oil prices boost Americans' spending power, the U.S. government is also gaining flexibility from savings on oil.By Bram Sable-Smith | December 21, 2014
Americans have seen a boost in their spending power this winter and it's thanks in part to the free fall in oil prices, which have plunged to a five-year low. (Video via Euronews)
And similar to individual consumers, entire countries are deciding how to take advantage of the massive savings on oil.
India may be the most extreme example where, in October, Prime Minister Narendra Modi took the opportunity to end government subsidies of diesel, then, in November, he essentially raised the county's gas tax. (Video via ABP News)