This post is going to be in serious danger of turning into a rant. I’m gonna have to be calm and controlled.
When oil prices were climbing I was persistently lamenting the impact this was going to have on the US (and global) economy. So its only right that I note the falling price of oil is a positive development now.
OK … now to tread on potential rant-inducing territory.
Those claiming ‘the price of oil is falling b/c the economy is in trouble, this is not good news at all’.
1. Well, d’uh.
2. You are mixing up cause and effect. Its a cycle, its a market, lower input price will be a positive for the economy going forward.
OK. Rant avoided, but more dangerous ground to cover.
The Coming Oil Crash
Dude – the price has already fallen something like 30%. You are a bit late. This sort of headline has me beginning to look for a bottom.