At least those in retirement who put all their investment eggs in oil, gas and Caterpillar.
Those of us not in retirement benefit from lower gas, oil and Caterpillar. It means we can afford to buy more. So when the prices go back up, we can benefit from it.
Sorry. Markets go up and down. That's life.
You still don't understand how wide spread the oil industry helps/hurts many other areas of business.
I'm not suggesting anything different. I've been through boom/bust before, it is part of the reality of the oil/gas industry.
My point is, don't expect a booming economy because gasoline prices dropped significantly. We have been through big drops in price before. Notice none of the created a booming economy before either.
True that, but there is hope for a recovery, or at least something back on the investment.
I know folks who put their money into something safe and secure, until Obama stole them blind, They were GM bondholders.