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The CHRISTIAN part of the Christian States of America

Some time back, in an article called The WHY of the Christian States of America, I explained the reason why we- our country, that is- needed...

Monday, December 1, 2014

Guess What Happened The Last Time The Price Of Oil Crashed Like This?

Guess What Happened The Last Time The Price Of Oil Crashed Like This?…

It would be difficult to overstate the importance of the shale oil boom to the U.S. economy.  Thanks to this boom, the United States has become the largest oil producer on the entire planet.
Yes, the U.S. now actually produces more oil than either Saudi Arabia or Russia.  This “revolution” has resulted in the creation of  millions of jobs since the last recession, and it has been one of the key factors that has kept the percentage of Americans that are employed fairly stable.
More @ link
http://theeconomiccollapseblog.com/archives/guess-happened-last-time-price-oil-crashed-like

Actually, I am enjoying the relatively low gas prices. Price relief is much-needed to help the personal economies of most Americans, contrary to Obama's theory that energy prices 'must necessarily skyrocket'. /and this time, the decline in prices are due to an increase in production in the U.S., which is also a good thing.