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Cheaper oil isn't such a benefit for US economy anymore as pullbacks in drilling cause damage
AP via Calgary Herald ^ | 05.19.2015 | CHRISTOPHER S. RUGABER

Posted on 05/22/2015 10:10:17 AM PDT by thackney

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To: Smokin' Joe

Some times Joe you just have to shake your head and smile or as the penguins in the movie Madagascar say “Just smile and wave boy’s just smile and wave”.


81 posted on 05/23/2015 7:34:23 AM PDT by Dusty Road (")
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To: Dusty Road

Believe it or not, there are occasions when I do just that.


82 posted on 05/23/2015 7:50:21 AM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: Dusty Road

One knows when the other persons argument is bullshit when the conversation goes from facts to misspelling a word. Fracking ,frakking , fraccing, phracking.....there!!!!


83 posted on 05/23/2015 8:22:19 AM PDT by ontap
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To: Smokin' Joe

Thanks for the additional comments.

Thanks also for the http://www.gasbuddy.com mention. I’ll check it out.

My lowest cost was $2.299 on 01/30. (Regular)

Two days ago I paid $3.799 only to come on Free Republic and read about the destructive (to oil production now) low cost of oil.

That’s why I asked what gives with the cost of gasoline.


84 posted on 05/23/2015 9:36:38 AM PDT by DoughtyOne (Conservatism: Now home to liars too. And we'll support them. Yea... GOPe)
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To: Yo-Yo

Not to mention all the excess cash in people’s pockets they can spend on other things like food, supplies, other goodies.

All these spur the economy.

If people have a couple of cars and are filling each three times per month, a $1.50 per gallon drop in price can amount to a fair amount of extra cash in your pocket.

12.5 gallons x 3 x 2 x $1.50 = $112.50.

That’s like getting a raise of $1,350 per year that’s non-taxable.

1000 homes, we’re talking some big disposable income out there.

$1,350,000 dollars...


85 posted on 05/23/2015 10:05:06 AM PDT by DoughtyOne (Conservatism: Now home to liars too. And we'll support them. Yea... GOPe)
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