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Just in time for Christmas, the low fuel prices are putting $100-$500 into retail sales.
Household incomes are seeing a little relief, in the form of lower fuel prices.
Lower cost fuel is expected to fuel a gain in GDP.
Just in time for Christmas, the low fuel prices are putting $100-$500 into retail sales.
Household incomes are seeing a little relief, in the form of lower fuel prices.
Lower cost fuel is expected to fuel a gain in GDP.
Haw Haw Haw Keep trying to spin it as a good thing. When the bond market begins to collapse from the contagion of the junk bonds that support the oil industry the entire economy will go with it. Without the expansion of the oil industry in the US the economy would never have escaped recession to begin with.
Combine that with the Feds decision to end QE and to begin to raise interest rates and things are going to get very interesting.
So.....if the government hadn't pumped the markets full of funds to re-inflate them thereby raising commodities would the markets have risen faster and with a more solid base if people hadn't had to pay $4.00 a gallon for years?
What happened to the arguments that gas was at 4.00 a gallon because of the fundamentals of the markets and was never going to come back down?
Haw Haw Haw Keep trying to spin it as a good thing. When the bond market begins to collapse from the contagion of the junk bonds that support the oil industry the entire economy will go with it. Without the expansion of the oil industry in the US the economy would never have escaped recession to begin with.
Combine that with the Feds decision to end QE and to begin to raise interest rates and things are going to get very interesting.
Even with the low prices it's still expanding. I had to dodge the fracking trucks all day yesterday. (not a complaint)
It's putting probably $200/month give or take into my households pocket so that's a win.
However, what is it doing to our own production and exports of energy products?
I do know it's bending Russia and Iran over like nobody's business.
Saving users money at the pump-$300 a month in my budget
Stimulating the economy by extra money in consumer's pockets-$30 billion a month
Additional good-paying US jobs-60,000+
Boning your international opponents-Priceless!
Thank you to the Oil Industry and workers that brought this to us, in spite of the best efforts of the Obama administration. Merry Christmas, and well done
Haw Haw Haw Keep trying to spin it as a good thing. When the bond market begins to collapse from the contagion of the junk bonds that support the oil industry the entire economy will go with it. Without the expansion of the oil industry in the US the economy would never have escaped recession to begin with.
Combine that with the Feds decision to end QE and to begin to raise interest rates and things are going to get very interesting.
Damn low gas prices! I guess we're all doomed then. Damn you Obama, you screwed us again!
Lower fuel prices are always good for the US economy. Always.
I'm waiting for someone to come on and say that now's the time to put a $2/gal additional tax on gas.
Every action has and equal and opposite reaction. The cost to extract oil by way of fracking is much more expensive which means that the break even point for US oil production is higher than say regular drilling methods in the middle east. When oil prices here do not support extraction, they will simply shut down production and lay off workers and wait until oil prices recover.
Without the jobs related to the oil boom, the US would still be in recession, that is a fact.
The few hundred dollars a year the us public saves will be squandered at Walmart and eventually go to china where the crap they bought was made.
The jobs that will be lost will be here in America as will be the jobs from all the supporting industries like the companies that make drilling equipment and oil service support.
There will be defaults on loans from many of the smaller drilling companies who operate primarily on borrowed money which will in turn mean losses in the bond market as well as many equity vehicles that specialize in oil related industry.
So explain to me again where is the upside??
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