Gloom. Despair. Agony.
How? Oh how did Caterpillar manage to survive 89+ years, even when oil dropped to as low as $9.00 a barrel back in the 1980s and oil producers were capping pumping wells? How?
Oh the humanity!
You want to point to the words I wrote that claim that? This isn't the end of any indirect industry, or even the oil industry itself.
My point it, it is not going to lead to a booming economy any more than it did the several times it happened in the past.
The media wants us to think low energy prices are a bad thing, lol.
Gasoline prices won’t stay low forever. It’s interesting that the price of oil suddenly goes way down when they started talking seriously about lifting the oil export ban. I think the Saudis are messing with us.
http://www.wsj.com/articles/oil-export-myths-1421451968