Former Federal Reserve Chairman Alan Greenspan shared his belief that oil prices have bottomed out near $40 a barrel since oil futures have entered a bear market while settlements tumbled more than 20 percent in the past two months. “It’s hard for me to imagine it going very much lower, but it could,” said Greenspan …
While consumers enjoy lower fuel prices associated with the energy downturn, cheap oil is to blame for the loss of nearly 200,000 jobs, according to a report issued on Thursday by outplacement firm Challenger, Gray & Christmas, Inc. Almost 95,000 jobs have been eliminated in 2016 by energy companies, according to the Chicago-based firm. Most …
