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Every dollar not transferred to the oil industry is a dollar that can be spent on other things. To put it another way, the number of people who benefit when oi

by pravda 6y ago

Every dollar not transferred to the oil industry is a dollar that can be spent on other things. To put it another way, the number of people who benefit when oil prices go down far exceed the number of people who lose when oil prices go down.

exclusiv 6y ago
And nobody really positions it this way, but the big beneficiaries are really terrible foreign regimes. So from a national security standpoint and an environmental standpoint, the movement away is a huge win.
- pyuser583 6y ago
  Not now. The US produces lots of oil, but they do it through fracking - which is more expensive. When prices fall, US producers get hit first, and harder.
  - Fjolsvith 6y ago
    The ratio of benefit still stands despite the crush domestic oil producers are suffering.
deleted 6y ago
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