With the recent drop in oil prices that have benefitted the consumer, but hurt oil companies, does it seem like this will harm or improve the economy in the long run?
Hard to understand how it can cause great harm to the economy. While the oil companies won't have the $$ the would have had, it simply means that someone else will. That money isn't going to simply sit in the consumers pocket; it will just be spent elsewhere - some other vendor will have it instead of the oil companies.
by Gary Anderson4 years ago
Worried about the price of gas? Our oil companies aren't. They export oil in the SF Bay and in April will start exporting West Texas Intermediate (WTI) from the Gulf of Mexico. http://www.businessinsider.com/the-asto...
by CMHypno6 years ago
Obama's attacks on BP are increasingly being viewed in the UK as signs of his anti-British stance. Or is he just trying to pull attention away from his own administration's...
by Mike Russo4 years ago
Obama was blamed by the conservatives and the Romney camp for the price of gasoline increasing. Now that it is coming down, does he get credit for it?...something to think about! Your thoughts please.
by Brian5 years ago
This may not be news to a whole lot of people, but, I am getting sick of this. Why isn't the Government doing anything about it, especially when they know that it is killing our economy? Not, to mention that we are...
by Harvey Stelman6 years ago
I voted Democratic because I believe oil companies' profits of 4% on a gallon of gas are obscene but the government taxing the same gallon of gas at 15% isn't.
by Doug Hughes5 years ago
When gas prices were going up, Wingnuts were tripping over each other in a rush to blame the president. Even though he had nothing to do with it.President Obama ordered a release of strategic reserves. Prices have...
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