Dominique Strauss-Kahn in jail – SNL skit

Economically, the major implication is in the energy markets. Lower energy prices are a good thing for many countries and for the global economy. The utility industry needs power generation capabilities after all.

At the beginning of the week, stocks surged, anticipating fourth-quarter corporate updates from tech companies and the Federal Reserve’s two-day policy meeting; this led to the S&P 500 Index reaching a new record high on Monday.