Until the price of gas drops, who cares?
.............
The huge oil increases are keeping the FED’s QE infinities from cratering the dollar. As well, US oil companies are bringing all their investments home to the USA. The result is that 100’s of billions of dollars of new money is being spent in the USA. Also the federal deficit and the US trade deficit are declining.
Eventually the price of gas will go down — but that may not come for another five years or until natural gas houses, trains trucks and buses plus electric cars turn down USA demand for oil. Meanwhile the greatest effect of the new oil production is the recaptializing of America.
Which is really important on many levels.
I’m happy for the jobs it has and will create. I’m glad drilling companies
and oil companies are making lots of profit.
However, until the American consumer see’s a reduction in oil prices,
which affect everything we buy including gas, food, electricity etc
I don’t think you will see many Americans celebrating in the streets,
except for the few that are now benefitting directly.