The US uses companies like GS to inflate or deflate commodities prices to suit its will in the global arena. Oil spent most of its time trading above 90 or even

The US uses companies like GS to inflate or deflate commodities prices to suit its will in the global arena. Oil spent most of its time trading above 90 or even 100 a barrel for the most part of the last 5 years, when the real value was probably around 75-80. I imagine at some point some important guys at big US firms got a call to drop oil. I also dont think the lower oil prices are a huge boon like they are said to be. global commodities have been in a near state of deflation. for something getting cheaper to be useful to someone, they actually have to be using it a lot. furthermore, these things dont happen in a vacuum. no sooner does gas drop to low prices, politicians begin talking about gas taxes raised. currently, retail and restaurants are doing really well though (as you would expect in cheap oil). but it seems it hasn't resulted in higher wage growth just yet.