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Byron King. Posted Jan 22, 2015.
It’s hard not to notice it at the gas station. Oil prices have plummeted. They’re sitting at levels we haven’t seen in years. Of course, this is great news when you’re filling up the tank. I saw one estimate that today’s prices will put about $750 “extra” into the pocketbooks of every household in America. That’s the equivalent of a national tax cut. These low prices are also great news for businesses that depend heavily on oil. The bottom lines of airlines, trucking companies, even cruise ship companies will directly benefit. For investors, however, the situation is a bit more complicated. The effect of low oil prices obviously depends on what’s
“And Now the Rest of the Story – “Why Oil Can’t Stay Cheap – Daily Reckoning