Allianz SE : 7 products to protect the environment

As a result of oil gained by fracking, the United States has become a global swing producer, along with the likes of Saudi Arabia. This means that the sheer quantity of oil that the US sells has a considerable impact on pricing. As a consequence, oil prices have fallen 40 percent since summer 2014. Michael Heise, Chief Economist of Allianz, explains who profits from low oil prices, who suffers as a consequence, and where they pose a danger to the global economy.