Freewill
Platinum Member
- Oct 26, 2011
- 31,158
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Is cheap oil good for America?
For a while, the answer seemed like an obvious yes. When the price of crude drops, the U.S. spends less money importing it from abroad while families and businesses save money on gasoline and other energy costs, which they can then go spend elsewhere.
[FONT=sl-Apres, helvetica, sans-serif]Two Ways That Low Oil Prices Are Very Clearly Hurting the Economy
My opinion is, short term there will be pain, but the market can adapt.[/FONT]
For a while, the answer seemed like an obvious yes. When the price of crude drops, the U.S. spends less money importing it from abroad while families and businesses save money on gasoline and other energy costs, which they can then go spend elsewhere.
[FONT=sl-Apres, helvetica, sans-serif]Two Ways That Low Oil Prices Are Very Clearly Hurting the Economy
My opinion is, short term there will be pain, but the market can adapt.[/FONT]
