[mac_truck]

You're right...its been a year since the dramatic decline in oil prices began, which is plenty of time for its effect to show up in the economy via increased consumer spending.

[IMR 4350]

There is simply no way to compare the savings from lower fuel being spent and put back into the economy and jobs in oil and gas being lost as a negative to the economy.

If 1000 people saved $200/month each on fuel every month and then spent those savings that’s only $200,000 being put back into the economy.

If 1000 oilfield workers loose their jobs there is close to $200,000 being taken out of the economy each day or about $5-$6,000,000/month and that is just for their salaries.