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Registered
Join Date: Jul 2010
Location: Where ever I am
Posts: 4,298
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Price of Oil
Can someone learn me as to why low oil prices are a bad thing as I keep seeing on the business websites? Reading CNBC online they are essentially saying that Chian and cheap oil are the reasons my 401k is taking a hit.
Seems that cheap oil gives all of us regular folk some extra spending money and since economists say the consumer drives the economy it would seem to follow that cheaper oil overall is a good thing for the economy. I suppose Saudi, Iran, Russia and Venezuela would disagree.
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'86 944T black/red, chip, fuchs 8's and 9's- Sold
'97 Boxster silver/red, big mistake - Sold
'99 C2, silver/black, RoW M030 - sold
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