What in the world? Pieces of global opinion A review of the best commentary on and around the world… Related Stories Today’s must-read Americans have become used to the bouncing cost of oil over recent years. Prices have spiked, causing angst and political posturing (“Drill, baby, drill” and all), and they’ve tanked following the economic upheaval of the Great Recession and the 9/11 attacks. The bottom has again dropped out of the oil market, as the cost per barrel has declined more than 40% since June. The change has been a welcome relief for consumers and energy-intensive industries, for which the change is an unexpected financial windfall. While most have a nagging suspicion that the drop is only temporary and prices will, at some point soon, begin an upward climb, Bloomberg View’s Mohamed A El-Erian isn’t so sure . What the world is currently experiencing is a “fundamental shift” […]