Absolutely. If you think it’s just about the price of gas at the pump you are extremely misinformed. It will affect every industry. Thousands of jobs will be lost.
Since when do off shoring production free trader H-1B loving Freepers care about Americans losing their jobs? I wish hypocrites would shut the H up.
But cheap oil also helps more industries cost of doing business
Cheaper gas more money in your wallet and mine to spend
Cheaper utilities and so on
Does it hurt oil companies yes...
And collateral biz like drillers and pipe and mud and others
But it’s not a bad thing
What strikes me is how artificial this makes crude pricing appear
Now all the cracking towers tween Baton Rouge and Baytown can slow production and wells can be plugged to keep prices from collapsing completely
But I’m already seeing gas at 1.89 here
In rich areas it’s 60-70 cents higher ....