My economy loves cheap oil.
If higher fuel prices are good then lets quadruple the price.
“Cheap crude has hammered oil producing states to the point that theyre dragging down overall growth and erasing any positive effects from falling commodity prices on the economy, Goldman Sachs said in a report this week. “
Actually it illustrates just how hollow our so-called “economic recovery” really is. The energy sector was basically the only thing propping it up.
Go figure.... one of our country’s top 5 industries suffers, lays people off, and many of the companies associated with it go bankrupt..... and it overall hurts the National Economy. And the supposedly smart people in the world have to see it to believe it. What a bunch of dummies.
But they told us drilling for our own oil was evil, so shouldnt this be good news for the progressives...??? Maybe they will actually get their dream of $8.00/gallon gasoline.
I didn't complain about the cost of gasoline, or diesel, or heating oil that my business and my friends and neighbors had to pay.
Now that the shoe is on the other foot, I expect the energy industry to suck it up and not complain, just like I did.
Climbing way over 4 bucks a gallon here in commiefornca!