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To: thackney

My economy loves cheap oil.


2 posted on 07/16/2015 5:37:13 AM PDT by bramps (Wake me up when we find a candidate to take on the scourge that is Islam.)
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To: bramps

I’m guessing you don’t supply valves, pipe, motors, MCCs, switchgear, Class 1 Div 1&2 instrumentation, heavy equipment, etc...


3 posted on 07/16/2015 5:44:34 AM PDT by thackney (life is fragile, handle with prayer)
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To: bramps

By reducing the price at the pump more money flows into the economy feeding local and national businesses. Seems like a pretty simple way of growing the economy.


12 posted on 07/16/2015 6:37:20 AM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
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To: bramps
My economy loves cheap oil.

Goldman's doesn't.

Yes, radical price changes do trigger dislocation costs. The unlucky do suffer disproportionately and are more visible. But considered from a macro POV, cheaper resources are a net gain.

I am sure the oil price drop has cratered some lucrative deals, and some Goldman bankers will be renting in the Hamptons instead of buying.

14 posted on 07/16/2015 7:33:31 AM PDT by Romulus
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