[Signalman]

Reasons to love low oil prices:

Stick it to the Saudis who no longer control the oil market.

Pisses off the lib enviromental whackos.

Pay less for gasoline at the pump.

[SeekAndFind]

RE: Reasons to love low oil prices:

Stick it to the Saudis who no longer control the oil market.

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Vladimir Putin needs oil prices well over $100 a barrel to keep Russia’s version of Big Oil, Rosnoft, profitable.

We are already significantly below that number; and since the Kremlin gets more than half its revenues from oil and gas sales, the current fall in prices in both commodities world-wide spell big trouble for Putin’s big plans for expanding Russia’s military — and for the Russian economy.

[TexasFreeper2009]

the only problem is ... fracking is expensive.. and if the price continues to fall production will stop to drop as wells are taken off line that are no longer profitable to run.

[ROCKLOBSTER]

Reasons to love low oil prices:

Stick it to the Saudis who no longer control the oil market.
Pisses off the lib enviromental whackos.
Pay less for gasoline at the pump.

Lower prices on shipped goods (everything)
Potential for turnaround in the economy...job creation.