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"No upside to a high price of gasoline." This is not true. In no particular order, and off the top of my head, the rapid disinflation in the price of oil is
by jhulla 11y ago
"No upside to a high price of gasoline." This is not true.
In no particular order, and off the top of my head, the rapid disinflation in the price of oil is currently:
1. Wreaking havoc on the budgets of most oil exporting nations.
2. Destroying purchasing power through currency devaluation in Russia, Nigeria, across the Middle East and Latin America.
3. Crushing the economies of parts of Canada, Alaska, and the Dakotas.
4. Directly causing job losses in Texas.
5. Negatively impacting the Houston office markets.
6. Destroying earnings of publicly traded oil companies.
7. Reducing stock market valuations of said companies.
8. Reducing portfolio values.
9. Impacting earnings of banks that have extended credit to oil firms.
- Fjolsvith 11y agoYeah, but my portable building factory is shipping more often. People have less of a delivery fee to pay and it makes them more likely to purchase. Additionally, my materials costs have been slowly dropping as their shipping costs are dropping. Win - win!