Initial drop in the value of Oil can cause major problems for Investors and Business. It requires a major increase in demand in order for profits to remain. However, as time continues it benefits the economy. Sadly in reality Gas Prices fluctuate too
Cheap gas is good. It makes travel cheaper, and basically almost everything we buy cheaper. Cheaper gas undercuts investment in all but truly worthy so-called "green alternatives", and makes the oil industry itself less attractive to the greedy.
A couple of years ago, FOX spent 2-3 weeks hammering O because gas was at $3.80. However, in 2008 gas was at an all time high of $4.23 and FOX claimed Bush had no control. Hypocrites!
Could øbamas comments about how energy prices would have to "necessarily" rise, cause unsettling in the population? It worried me that I was going to be forced to pay more for green energy.
Fox News Business vs Fox News
Ohh. I couldn't tell. I do like to watch Varney on fox business news. That's the only news I watch. He's pretty funny. I love it when Judge Napolitano comes on.
The market took a hit when prices dropped and jobs were lost. So what's the beef.
rons - fox/repubs hammered O when gas prices were high. Which do you want? It appears that maybe you and fox/repubs throw stones no matter where gas prices are.