I agree with you and would add that lower oil prices have a huge stimulative effect on the economy.
It is essentially as if we’ve got a QE-4 (quantitative easement) without the Fed lifting a finger.
Having energy deflation is good for energy-dependent economies.
Furthermore, there will be less need to for the FED to raise interest rates in the near future.
Not so far if December retail sales are an indicator. Also with record population not in the job force how much are they driving, therefore saving on gas? The mold is being broken with Odungas train wreck of an economy.