Plunging oil prices may trigger unrest

CNNMoney ^ | 12/12/2014 | Mark Thompson

[Smokin' Joe]

Despite the best efforts of the regime, a nice break for oil consumers.

But government is already trying to tax up the difference, and when prices rise again, the tax will stay.

[Smokin' Joe]

Let's get back to the days I remember, 30 cent a gal. gas.

And the $1.25 minimum wage?

[nascarnation]

At least these are state legislators you’re talking about (I haven’t seen any federal gas tax legislation).

Those b@stards can be influenced by some local pressure, at least in most red states.

[American Constitutionalist]

I thought America was in new Industrial renesance.

[Kit cat]

This drop in oil prices SHOULD DROP grocery prices, and ALL consumer
goods being transported by trucks!! This SHOULD help create jobs!!!

[steve86]

But when they’re bidding the market down we benefit.

What is "bidding the market down"? Shorting stocks or futures puts upward pressure on the price of the instrument. Lack of bids at the offer price causes a lower price adjustment.

[steve86]

Abrupt pricing changes are never good for an economy. The stress created in various sectors (especially international trade and Fx markets) overwhelms the benefits.

[steve86]

“Shorting stocks or futures puts upward pressure on the price of the instrument” (when they cover).

[thackney]

You said production. That is upstream, not the downstream side.

[thackney]

So where are the new jobs and lower prices? Gasoline has down for a while.

[ontap]

Bidding the market down is a euphemism. When there is a glut on the market the lack of activity causes the price to drop.