Don’t be stupid. Where the economy has been booming....energy has been a major reason. But energy is not the ONLY force in economics, and unless I had said it was, then your rebuttal has no basis, no use, no relevance, no value.
If you don’t understand how lower gas prices spur the economy overall, then I feel sorry for you. Yes, it hurts one sector....helps almost every other sector. And vice versa.
You simply cannot say that high oil prices are good for the oil industry without admitting the other. It makes no sense. It’s logically retarded not to connect these dots.
I ran a fuel dependent contracting business. When gas spiked, we cut back on everything....bought nothing new.......laid people off.....simply tried to ride out the spike. To make it a double whammy, our customers, retailers and developers, also cut back what they were paying us......duh duh duh duh duh.
I’m being factual. I’m showing actual data.
It appears you don’t understand how much of the countries spending is indirect to a prosperous oil industry.
Companies not associated by most with energy are hurting, like Caterpillar and many others.
You are correct, but since US economy has transformed from mostly a manufacturing to services base, the effect of neg impact to hi energy has lessened.