Falling oil and gasoline prices: why? what’s the impact?

Oil industry watchdog Antonia Juhasz comments on the stunning drop in crude oil prices that has driven down the price of gas in the US, and threatens the stability of energy markets. We explore why OPEC and Saudi Arabia have maintained production despite the glut of crude oil: is it an effort to hurt America’s frackers and shale exploiters, and is it connected to Obama’s efforts to punish Russia over Crimea? We also talk about the impact on domestic production, the frack/shale bubble that many industry critics have warned about, and Chevron’s recent failed effort to use the power of Citizens United to buy an election in Richmond, California.

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Falling oil and gasoline prices: why? what's the impact?