you are correct...... the plentiful supply of gas is being used by the oil companies to enlarge their plastics manufacturing capabilities
that enlargement results in capital expenditures for the new plants
Texas continues to benefit
Shouldn’t everything that was impacted by high oil prices (food, transportation) also be impacted by low oil prices? It would seem to me that the low prices will be reflected on consumer goods. if the market was whining that food cost more because of transportation costs, well now food should cost less.
While I feel horrible that thousands will lose jobs, that’s also the risk of working in an industry where there is volatility. If you are a company in this industry and you didn’t financially plan for this, then shame on you.