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| Re: Falling Oil Prices Make Double-Edged Sword (1235211) | |||
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Re: Falling Oil Prices Make Double-Edged Sword |
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Posted by AlM on Tue Oct 21 16:45:55 2014, in response to Re: Falling Oil Prices Make Double-Edged Sword, posted by Charles G on Tue Oct 21 16:33:13 2014. I tend to think that the other economic benefits would outweigh the negative impact on the oil industry in the US -- but I haven't really thought about it much.However, lots of economists have thought about it and they tend to pretty uniformly agree that the benefit to the rest of the economy outweighs the damage to the oil industry. At least for the first incremental dollar of price reduction. If the cost of oil went to $5 because of some infinite supply found in Saudi Arabia that might be different. |
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