Just some reality for those expecting a booming economy from lower gasoline prices. Most don’t understand all the indirect jobs and business driven by the oil/gas industry in this country.
Lower gas prices will benefit far more people than it will harm. My heart bleeds for the holders of Caterpillar stock but lower gas an oil prices is a good thing.
I’m of the opinion the oil and gas industry is the only thing that has kept the economy from a complete collapse.
People don’t have the slightest clue how much royalty oil companies pay to the mineral owners.
When royalty is cut in half, or completely stopped in some cases, a lot of people are going to be in trouble because they depend on that money to pay for big ticket items like houses and cars they couldn’t afford otherwise.