No deal. No surprise. No importance. Too-low prices have already cut global production.
Politics thwarted the Starwood bid – but China will be back: it still has $1.7 trillion to spend.
We speak with Luskin about how the dramatic drop in crude oil prices has affected the global economy and how it will likely affect it in the future.
Read the prospectus: twilight in the desert, or dawn? Or reaction to the “Obama doctrine”?