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I think lower fuel prices will eventually trickle down to consumers by way of cheaper shipping cost for food, goods and services. If the prices are still low next Spring, I believe the travel, vacation, and entertainment business will benefit, which will get the dollars flowing, and might create more jobs.
I don't know the real reason for the Saudi QE, unless it would be to run some alternative energy sources out of business, or like you said, to curb the fracking competition. Right now, i'm just enjoying a few extra bucks in my pocket every week, and hope to God that the stock market still acheives new highs for the next few years (401K bonanza).
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