And the last time gasoline prices dropped? late 2008-2009, 1998~1999, can you point me to the prospering economy of those days?
We are the third largest oil producers in the world because we have a lot of people working in the industry. The effects on the economy are far more widespread than just the direct hires.
15% of total employment gains since the beginning of 2008 have come from the energy industry, even though it is less than 1% of the country’s job base.
http://money.cnn.com/2014/12/12/investing/oil-prices-job-cuts/
I have no idea what you’re talking about.
I said Middle America was being beat like a drum prior gas prices nose diving. No?
Now the oil companies and Oliviaforever say America will not prosper with low gas prices?
??
I believe .gov is trying to avoid a panic. When oil prices fall it is a sign of decline.
I just wonder how much pressure these lower prices are putting on the leveraged domestic oil companies? Does this portend another bank bailout?
As far as an improving economy put that along side these numbers of a decreasing deficit....
09/30/2013 11,976,279,236,073.83 4,761,904,290,623.49 16,738,183,526,697.32
On 9/30/2013 there was $16,738 billion in federal debt.
09/30/2014 12,784,971,238,978.02 5,039,100,141,755.80 17,824,071,380,733.82
On 9/30/2014, the end of last fiscal year, there was $17,824 billion of federal debt.
The net increase is $1,086 billion, or $1.086 trillion dollars, not $483 billion.
h/t tickerforum
how do they keep getting away with such fuzzy math?