As oil prices plunge, wide-ranging effects for consumers and the global economy

http://www.washingtonpost.com/business/economy/as-oil-prices-plunge-wide-ranging-effects-for-consumers-and-the-global-economy/2014/12/01/904984b2-7971-11e4-9a27-6fdbc612bff8_story.html DUE 8 DECEMBER 2014...(ONE OF TWO). How much have oil prices declined in the past 7 months? Why have they declined?? What actions did OPEC take?? What are 3 economic advantages of an oil price decline? What are 3 economic disadvantages of an oil price decline? Predict the future economic impact of symbiotic industries as these price declines affect the macro-economy.

Russia Warns of Recession in 2015

http://www.bbc.com/news/business-30288739 DUE 8 DECEMBER 2014 (one of two). What are the reasons for Russia's decline into recession? How does oil factor into Russia's problems? Make certain you write the second blog.