Enjoy Cheap Oil, Fear the Deflation

Cheap oil's winners, losers and deflation.

There's more where that came from.

Photograph: Texas Energy Museum/Newsmakers)

My last column explained the dangerous game of chicken Saudi Arabia is playing with other major oil producers, including U.S. frackers, to see who can withstand low oil prices the longest before slashing production. That price may be as low as $10 to $20 a barrel, or even lower. Now let's look at how things might shake out. 

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