Michael Bastasch | All Articles

Michael Bastasch

Report: Oil Boom Is A $1.1 Trillion A Year Stimulus Package

4:30 PM 10/16/2014

The world economy is getting another major stimulus, but not from governments. Booming oil production, particularly from the U.S., will boost global economies by as much as $1.1 trillion due to lower fuel and commodity costs, according to a study by Citigroup Inc.