tag:blogger.com,1999:blog-1054910627465846465.post6839897167765816516..comments2024-03-28T15:30:35.153-07:00Comments on The Hitchhiker's Guide to National Affairs: Effects of Oil Price Dropping.Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1054910627465846465.post-4062468035678701402015-02-15T21:58:41.125-08:002015-02-15T21:58:41.125-08:00Gosh... the real takeaway is that some people will...Gosh... the real takeaway is that some people will complain about anything. Middle class Americans have more money in their pockets ($750/family/year according to Obama at SOTU), and any product that utilizes transportation (literally everything) will be cheaper, or generate higher profits for shareholders (leading to <b>higher</b> overall stock prices). <br /><br />A vast majority of the oil we use in the US comes from North America (with a plurality coming from the US itself, which has increased it's production on private land). Hooray. Frack baby frack. <br /><br />Anonymoushttps://www.blogger.com/profile/05746566588576970381noreply@blogger.comtag:blogger.com,1999:blog-1054910627465846465.post-23190540648804345902015-02-15T16:19:34.438-08:002015-02-15T16:19:34.438-08:00I think that the low price of oil is definitely co...I think that the low price of oil is definitely connected to some harmful trends in energy. It makes sense that people buy more gas-guzzlers when oil is cheaper, but the reason behind the low prices in oil also reveals some problematic truths. The practice of fracking, which has undeniable environmental consequences, is largely the reason that the price has dropped so much. There are many environmentally destructive aspects connected to oil, so I think the only way to solve this is to begin to forego nonrenewable energy sources.Murray Sandmeyerhttps://www.blogger.com/profile/10833440053610217761noreply@blogger.com