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The last time oil crashed
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John Burns
Posted 12/13/2014 06:51 (#4237070 - in reply to #4236455)
Subject: RE: The last time oil crashed



Pittsburg, Kansas

Interesting article Ed.

Seems to be two trains of thought. One is the low oil price will help the economy. The other is the loss of jobs that the oil patch provides will be a drain on the economy as these jobs are lost.

How it nets out is anybody's guess. I know for whoever it is that is loosing the jobs it is going to be bad and for those of us who get some relief on the price of products that use lots of oil in their making should be a little better off.

Winners and losers for sure.

John



Edited by John Burns 12/13/2014 06:52
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