This is so Alice in Wonderlandish. Cheaper energy helps any business that must consume energy in the process of producing or doing what it produces or does.
But I’ve long argued that the market as we know it today only distantly at best reflects how well a business is doing. Once shares are bought, a company only rarely buys them back.
It’s what they call six of one and half a dozen of the other. It’s unfavorable to those who sell wholesale petroleum, and it’s good for those who purchase that petroleum and turn it into value-added products and services. The thing to note in these stories is who is doing the complaining.
>> “But I’ve long argued that the market as we know it today only distantly at best reflects how well a business is doing” <<
Absolutely correct.
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“This is so Alice in Wonderlandish. Cheaper energy helps any business that must consume energy in the process of producing or doing what it produces or does.”
Which is pretty much everything, including food, which consumes massive amounts of energy inputs into fertilizer manufacture and farm equipment operation.
Consumers can only benefit from lower energy prices.
When the lion's share of a business's expenses goes to advertising and marketing and financial machinations, then more is lost when hedged bets go sour than is gained by lower energy costs.
We live in an Alice in Blunderland economy.