In the big oil shocks that really damaged the economy, the tax on the consumer was many times more than that, but that alone wasn't enough. You also had to have people worrying that prices were going higher forever.

We've been trying to see whether the improvement of the economy and financial market will carry the day in terms of consumer confidence, or if worries about labor will dominate. It looks like the 'glass-half-full' view is winning.

Oil prices are effectively a tax and we want a low-tax global economy. I am happier with lower prices, even if the profits of oil companies come down.

This project is hanging by a thread. Chad remains unprepared for the complexities of an economy increasingly dominated by oil.

Cameroon's current oil revenue does not enter the local economy. Oil revenues go abroad to the overseas accounts of the elite.

The U.S. economy is kind of a juggernaut. Look at the last few quarters, how it shook off oil price spikes and hurricane shocks.