You gotta be kidding!
It's going to work wonders for my economy (and any other consumers of fuels and shipped products)
You gotta be kidding!
No, I am not kidding. Orderly markets are good, collapsing markets are bad. There is usually a reason that a market collapses. In this case, is it really the fact that there is too much more supply than demand, or is it that the economy is just too weak to pick up the slack in the cheap oil due to jobs lost, too high taxes, Obamacare, environmental obstructionists, etc. We will soon see.
This will pretty much kill the central plains boom (North Dakota, etc.) That is a lot of jobs and a good chunk of the economy.
Some inflation is good; rising stock prices, wages, increased job creation etc. It looks like we may be seeing deflation instead of inflation.