[CPT Clay]

You guys care to Opine?

[thackney]

We have had gasoline price drops several times over the last few decades. I don’t find any history of economic boom from then.

The reality is, the price drop in oil, is the same reason copper is also at a 5 year. Declines in global economy, particularly Europe and Asia, are going to cause more problems that the hopes of gasoline prices will solve.

Also, the oil/gas industry in the US has been a significant growth for jobs outside direct oil/gas hires. There will be more total loss from that, than gains from low gasoline prices. As it has each time we had gasoline price drops before.

[Smokin' Joe]

Some will get hurt, some will spend the extra 50 bucks a week on stuff from china, or leverage it into a car. We've seen booms and busts before. Those who were careful will survive.

Do I think the Saudis are trying to hurt the US oil industry? Sure. It is a threat to them.