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To: CPT Clay

We have had gasoline price drops several times over the last few decades. I don’t find any history of economic boom from then.

The reality is, the price drop in oil, is the same reason copper is also at a 5 year. Declines in global economy, particularly Europe and Asia, are going to cause more problems that the hopes of gasoline prices will solve.

Also, the oil/gas industry in the US has been a significant growth for jobs outside direct oil/gas hires. There will be more total loss from that, than gains from low gasoline prices. As it has each time we had gasoline price drops before.


131 posted on 01/15/2015 5:01:36 AM PST by thackney (life is fragile, handle with prayer)
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To: thackney

I don,t recall any economic booms immediately following a sharp rise in energy prices.


144 posted on 01/15/2015 6:06:22 AM PST by Paladin2
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