There are many, many implications to a $1.00 plus price drop.
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Lower energy prices CREATE a better economy! (Unless you are a Saudi/OPEC/Russian apologist who WANTS more European, Japanese, American, and Indian money to GO TO the oil-soaked depots in Russia, Saudi Arabia, and OPEC ...
Don’t get me wrong. I think it is great, but it is deflationary, which is poison to our seriously indebted gov. They need inflation to keep debt from getting out of control. Deflation is, to the gov, what getting a cut in pay is to you or me. An if you’re already barely treading water...