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unless you work in oil, relax

What most don't realize, is there are more indirect jobs created outside the oil industry due to their purchase of equipment, material and labor, than direct hires. Steel mills, cable manufacture, valves, buildings, etc all get impacted.

For example:

Caterpillar is latest victim of sliding oil price
http://www.freerepublic.com/focus/news/3247811/posts

The maker of diggers and dozers’ direct exposure to the sector is equal to about $6.5 billion, or 12% of revenue, while its indirect exposure may be as much as 15% of revenues

Steel mills, cable manufacture, valves, buildings, etc. will get all of that business or more back from increased sales of cars, washing machines, and all of the any goodies American consumers will be purchasing using extra funds left over after filling their gas and heating oil tanks, while farmers will be upgrading their old combines and tractors using money they otherwise would have spent on diesel fuel, financed with freer credit made possible by increased bank liquidity resulting from consumers use of some of their fuel savings to pay down credit card debt.

I'm not denying that some will suffer from lower oil prices. But in a dynamic economy, more will benefit. It will cost less to manufacture and transport almost everything, and that too will work to the advantage of everyone.

Crying for relief from low oil prices is nothing more than special pleadings on behalf of a narrow special interest: oil producers and related industries and their workers. Those special interests have been rolling in the clover for the last half dozen years or more while the rest of us have struggled to make mortgage payments and keep food on the table. I think Schlumberger and T. Boone Pickens will survive a little belt tightening while the rest of us enjoy the jingle of a little more change in our pockets after paying for gasoline and heating oil.

Small sample size...I'm just an Okie...but our economy has been hurting for 6 plus years..here in America.

It's all just catching up now.

I've done well...energy wise.

It's going to be hard...in the coming months.

Cheap energy means low demand....

Boom and bust...seems to never end.