It’s more of a mixed bag now than it has been in the past with the fracking boom. My region of the country suffered worse effects from the 2008 crash than most, I’m in the southeast and in a manufacturing dominated metro. Inexpensive natural gas resulting from fracking has helped fuel, literally, something of a manufacturing renaissance here and so it’s been a godsend. Gasoline prices falling has been and will be as well. However, beyond a certain point prices falling will threaten the domestic industry that led to that manufacturing renaissance and we appear to have reached that point, so it’s become a bad thing from my perspective. The price per bbl of oil needs to remain in viable territory for domestic fracking to continue and expand. Falling price can be bad and is for this reason.
” However, beyond a certain point prices falling will threaten the domestic industry that led to that manufacturing renaissance and we appear to have reached that point, so it’s become a bad thing from my perspective. The price per bbl of oil needs to remain in viable territory for domestic fracking to continue and expand. Falling price can be bad and is for this reason.”
Well, here is another look at falling oil prices. The best our Economy did last century was during Reagan’s years and the price of oil tanked.
Crashing Oil Prices Will Be Terrible ONLY For A Tiny Part Of The US Economy
http://www.businessinsider.com/energy-investment-a-small-share-of-gdp-2014-12