The cheaper gas sets in motion a cascade effect which ripples through all sectors of the economy. Ultimately driving up consumer spending, and starting the engine of a strong economy.
Newtons Law,
Energy sector layoffs.
Exploration will suffer, building rigs will suffer. The big boys will sit back and pump and leave the exploration to the small guys who work with investors just trying to make a slim buck.
$85 was the magic number a few years back.
The cheaper gas sets in motion a cascade effect which ripples through all sectors of the economy. Ultimately driving up consumer spending, and starting the engine of a strong economy.
Newtons Law, Energy sector layoffs. Exploration will suffer, building rigs will suffer. The big boys will sit back and pump and leave the exploration to the small guys who work with investors just trying to make a slim buck. $85 was the magic number a few years back.