The Fall in Oil Prices Is Not All Bad

If you aren't an oil company or a net oil producing country, low oil prices aren't necessarily a bad thing. The drop we've seen in the price of oil is analogous to a multi hundred billion dollar tax cut,. It can also increase and importer nations cost competitiveness. 18 months ago, i thought the ability to produce oil through fracting at a cost of forty to 60 dollars per barrel would give the usa. Cost advantage in manufacturing. That's no longer likely, at least for now. And i must add that thus far, the indicators fail to suggest a salutary impact on the broad economy.