True, this is just a bad time for it to go bust. Many were counting on it to keep us out of a deeper recession.
Of course raising the minimum wage of ‘burger flipping’ jobs might do it as well. ;-)
Maybe ... but then again, if a portion of the economy goes south, and the GOP can push it on Obama, then it will help in November 2016.
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/