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The Economist.

From The Economist in London, this is Money Talks, a weekly program about news in the worlds of business, finance, and economics.

I'm Edward McBride, the finance editor.

On today's show, I'll be talking to Philip Kogan, our Buttonwood Columnist, about an article of his called

What's Wrong with Finance, which recently won him the Chartered Financial Analysts Society's

Journalist of the Year Award. We'll also be talking about the plummeting oil price and why it may not be such good

news for the world economy.

With me to talk about that is Henry Trix, our Energy and Commodities editor, and John O'Sullivan,

our economics editor.

So Henry, the oil price has fallen below $30 a barrel.

It was just a short time ago, it was $130 a barrel.

How much further can it go?

Well, when it started to fall, the main reason why it started to fall over a year ago was because

Saudi Arabia and the other OPEC countries had decided basically to open the taps and let oil flow and drive the expensive oil out of the market.

Unfortunately, everything that they thought would happen hasn't really happened,

...