4 ms·
High oil prices are good for most of the oil industry, but the oil industry is only like 3% of the US economy. On the other hand, elevated oil prices are bad f
by eigenspace 6mo ago
High oil prices are good for most of the oil industry, but the oil industry is only like 3% of the US economy.
On the other hand, elevated oil prices are bad for a very large chunk of the other 97% of the US economy, who rely on buying oil and oil derived products in order to operate their industry.