A surge in fossil fuel prices also encourages development of marginal recovery projects. Low interest rates, shale recovery, and high gasoline prices will combine to boost spending and employment to take advantage of the spread between oil recovery costs (shale) and the high price for refined products like gasoline. Money spent on gasoline instead of whatever does not disappear. Why is it bad to spend money at the Chevron station instead of Safeway? Economic growth is about finding something relatively worthless, processing it, and selling it in a useful form.
They just need to keep jimmying the numbers until December when it will no longer matter.
Uh...because high fuel costs drive the prices up at Safeway too?