Why does the price of oil matter?

Oil prices are up more than 6% after Saudi Arabia and other major producers vowed to cut production.

#oil #climatechange #skynews

[jonathanrose]

It’s still less than it was in 2011?!
Try looking at the increase in company profits over the same period!!!

[brianbassettnumber]

Followed up by "Why is oxygen important?"

[barnabybones]

The Kingdom of Saud needs more democracy. We should help

[karl]

Because until the world is not oil dependent, then it will be important.

[RealityNoFantasy]

The price of oil could make my fried potatoes more expensive, and my oil and vinegar salad dressing, so yeah, I'm worried.

[joeokeefe]

Oil is free element, just like electricity and food from the sea is . Its all free to all whom collect it .