Ray From Cleveland
Diamond Member
- Aug 16, 2015
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It makes sense to view ALL the effects, to pretend that American energy industry doesn't exist doesn't help in getting the full picture of how lowered gas prices have affected economy.
In the recent 2016 article I linked to the upside on consumer side is weighed against downsides on oil industry side.
In the article you linked to only consumer side effects are considered and it is therefore half-blind to full effect on economy.
Okay, so how many are affected by the oil industry in the country compared to the hundreds of millions that benefit from lower fuel prices?