Wall Street Journal | Oil Stocks: The $393 Billion Wealth Wipeout Motley Fool The impact from the plunging price of crude oil is sending shockwaves across the globe. Nations dependent on oil production, like Russia, Venezuela and Saudi Arabia, have witnessed plummeting revenue that is pushing some to the brink of recession. Eastern refineries processing more foreign oil as crude price gap narrows Even with low prices, US oil industry pushing for exports The Media Is Dead Wrong About Oil Supply And Demand |