With lower oil prices, your lubricants, chemicals, synthetic fibers, pharmaceuticals, plastics
-will now be cheaper to produce.
Consumers are one of the main drivers of the economy, they will have more in their pockets and there will be more demand for all of the above. This will create, as Michael Snyder puts it, the kinds of jobs that we cannot afford to lose. Jobs at places like Boeing, Dow Chemical, Apple, Fedex, Caterpillar, John Deere, Ford, GE, Xerox, and Microsoft. You know, the little mom and pops that populate the S&P 500.
The USA is not Saudia Arabia. America uses all the oil that it produces and imports more. Oil price drops will help boost the economy for the 90% of businesses that are not oil related.
For every oil patch job lost, 10 will be created in other parts of the economy.
Geez, Mr. Snyder look out for when the price of bananas drop, the world will surely end!
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Anyone That Believes That Collapsing Oil Prices Are Good For The Economy Is Crazy
With lower oil prices, your lubricants, chemicals, synthetic fibers, pharmaceuticals, plastics
-will now be cheaper to produce.
Consumers are one of the main drivers of the economy, they will have more in their pockets and there will be more demand for all of the above. This will create, as Michael Snyder puts it, the kinds of jobs that we cannot afford to lose. Jobs at places like Boeing, Dow Chemical, Apple, Fedex, Caterpillar, John Deere, Ford, GE, Xerox, and Microsoft. You know, the little mom and pops that populate the S&P 500.
The USA is not Saudia Arabia. America uses all the oil that it produces and imports more. Oil price drops will help boost the economy for the 90% of businesses that are not oil related.
For every oil patch job lost, 10 will be created in other parts of the economy.
Geez, Mr. Snyder look out for when the price of bananas drop, the world will surely end!