Little smudge of info for the informative minds.. falling oil - TopicsExpress

Little smudge of info for the informative minds.. falling oil price is good for the US consumer and good for the economy. Transport costs feed into the price of every physical product, so if oil gets cheaper, everything gets cheaper. If the oil price falls too far, however, the USAs recent fracking boom will come to an end. Forces are at play to end the USAs projected energy independence and return the country to dependence on the Middle East for its fuel supplies. The USAs long-term key supplier, Saudi Arabia, doesnt want to lose grip on its best customer.

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