I'm not denying that some will suffer from lower oil prices. But in a dynamic economy, more will benefit. It will cost less to manufacture and transport almost everything, and that too will work to the advantage of everyone.
Crying for relief from low oil prices is nothing more than special pleadings on behalf of a narrow special interest: oil producers and related industries and their workers. Those special interests have been rolling in the clover for the last half dozen years or more while the rest of us have struggled to make mortgage payments and keep food on the table. I think Schlumberger and T. Boone Pickens will survive a little belt tightening while the rest of us enjoy the jingle of a little more change in our pockets after paying for gasoline and heating oil.
Steel mills, cable manufacture, valves, buildings, etc. will get all of that business or more back from increased sales of cars, washing machines, and all of the any goodies American consumers will be purchasing using extra funds left over after filling their gas and heating
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While wishful thinking sounds good, in every past gasoline price drop, there has never been an economic boom. What do you see different this time compared to the past?
Don’t forget that part of the cause of the price drop is slowing global economy that will also be felt here.
There will certainly be sectors that gain. There may be some overall gains. But never has gasoline price drops lead to a booming economy because that price change is not the only impact.
Without energy...products do not get built. Period.
Crying?
I could careless about a buck a gallon of gas either way....I need to do my business..and that is a cost of business.
The problem with your thinking..is possibly you don't understand supply and demand.
Demand fuels the market.
And demand is not there right now....WORLD wide.
I'm concerned with that....You might ought to be, also.