shader
Footballguy
I gotta say, I think it's great for the average consumer that oil is plunging. It's down another 4% today, and the drop has hit the pumps, at least in my area. I got gas yesterday for 2.39 and the 4% drop should make things even better.
This also has to help many businesses as well, as their operating expenses greatly improve.
But this has to be horrible for the oil industry itself I would imagine. The shale explosion in North Dakota is in serious jeopardy now, I would imagine.
Overall, I'd say it's good, but is there a hidden downside to the price of oil dropping so rapidly?
This also has to help many businesses as well, as their operating expenses greatly improve.
But this has to be horrible for the oil industry itself I would imagine. The shale explosion in North Dakota is in serious jeopardy now, I would imagine.
Overall, I'd say it's good, but is there a hidden downside to the price of oil dropping so rapidly?
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