While I am grateful for the lower price of gasoline and heating oil, I am concerned for those that have lost their jobs b/c of the crash.
There but for the grace of God go I...
It goes deeper than that. When oil is high, millions of other jobs are lost as it slows down the economy. When oil is low, millions of jobs are created (it’s like a big tax cut to businesses and many individuals).
So you can be more than grateful - (which is proper) - you can appreciate the fact that nothing in economics is a zero sum game.
Would there even be a “crash” if world oil prices were not artificially controlled? Would a “crash” exist if importing any oil at all, the U.S. was able to supply itself and even export?
Not sure the crash, peak oil, any need for imports is believeable.
KYPD