That said, the SandP premarket is down over 3 at the moment and the price of oil is approaching $80. Not particularly bullish indicators for this economy or the current ebola situation all thanks to Barry.
Remember this quote from him a few weeks ago: “by any measure, the US economy is far better now than when I took office.” Just one more lie in the wall of lies this clown has pushed out. His mouth has been writing checks that the FED can no longer cover.
Would it help the shale oil industry since the price of oil going down ?
freeing the marketplace will invariably lead to improved efficiency and subsequent prosperity gains.
only those with agendas against that stand in the way.
>> The oil and gas drilling boom has been good news for U.S. manufacturing
Good news, indeed. Still waiting with bated breath for fertilizer prices to drop though. :-)
First we need Obama’s regulatory Nazi’s out of the way.
The reason for the export ban has outlived it’s purpose since the oil shale revolution and natural gas industry has removed any fears of any energy disruptions or shortages.
Once the domestic production of oil reaches to the point that we import very little if any at all and there is evidenced that, that supply can last for a good long time then there is no reason to keep a antiquated ban on exports of crude oil.
There is no oil and gas drilling boom. Can’t be. There’s a Dem in the White House.
America needs industry.
Stop importing everything from China.
Expanding production requires capital expenditures and the oil and gas industry is already over leveraged. Not sure how falling prices help in that situation.
End corporate taxation and 99% of regulation of business and watch an industrial and economic renasissance of near unimaginable proportions.
If the oil boom is not accompanied by reduction and/or elimination of regulation and taxation of business then it has the potential of turning the USA into a temporarily successful Resource Supplier. This will give the appearance of Prosperity and Wealth but is temporary so long as the government continues to increase the throttling of business by high taxes and regulation. Yes, we could be a sort of Saudi Arabia but the population is far too large to use that wealth to retire the population and it is temporary, anyway.