Oil prices have fallen again - what do you think are the reasons for it?

@yoalldudes, Ok I am glad for you.

@TheHorse Here in India which is an oil importing nation it will have positive impact on the economy. But the economy of oil exporting countries like OPEC countries and Russia will be hard hit. And finally they will be forced to make production cut to offset the falling prices. But that will lead to job cuts in oil and gas industry. And that will advesely effect me since I work in an industry which provides logistical and technical support to oil producing Industry.

@amirev777 Ah, got it. I thought some Middle Eastern Countries, like maybe Saudi Arabia, cut production a few weeks back to try to drive prices up.

@TheHorse No it was actually due to overproduction by US. It has become the highest oil producing nation. You must be very proud

@youless Yes it all depends upon which country you are residing in and type of government and the politicians running it.

@jstory07 Yes that's true. That'll put more money in your pocket.