Big Oil & Breaking It Down - What they don't want you to know.

a reply to: Emeraldous

$30 barrel sounds right in the long run

CNBC is doing a phone poll about the low price of oil (hydrocarbons/energy) being either good or bad for the economy.
(today is Friday the 12 of dec)

here's the deal... low energy/oil prices are bad for that part of the economy which relies on the velocity and multiplier effect of money,,, like Banks or Top heavy corporations that have a built in cost of keeping their top executives with outrageous compen$ation and Bonu$e$... they REQUIRE the excessive price of oil to keep their scheme working

OTOH... lower cost for the average persons gasoline/fuel oil will stretch their dollars bring about a reduction of price increases for produce/foods etc.... BUT only the top executives and overpaid management will see their bonuses dwindle

so in a Democracy sense, 'what's good for the most people', then low oil prices is a blessing & relief