Is Cheap Gas A Bad Thing?

Is Cheap Gas A Bad Thing? Cheap Gas – Are oil prices too cheap for our own good? Remember peak oil? Remember when oil prices were $140 a barrel and Goldman Sachs predicted they would soon reach $200? Now, the latest news is that oil prices have gone up all the way to $34 a barrel. Last fall, Goldman Sachs predicted prices would fall to $20 a barrel, which other analysts argued was “no better than its prior predictions,” but in fact they came a lot closer to that than to $200. Low oil prices generate huge economic benefits. Low…