Sorry to dissapoint my fans but I don't post much here anymore.
Anyway oil in the 40's further proves how right I have been about the Oil Thugs, their Fan Bois and my Fan Bois.
1-5-2014
http://247wallst.com/energy-economy/2015/01/05/it-has-arrived-what-oil-in-the-40s-means/
It Has Arrived! What Oil in the $40s Means
Crude oil hit a milestone on Monday by selling briefly under the $50 per barrel mark. That means that oil in the $40s has arrived. Whether this remains in place is up to the oil market gods, but it has serious implications for consumers and companies alike.
While the public might not feel bad for big oil companies, there is a backlash here that simply cannot be ignored. Lower oil makes alternative energy and renewable energy projects just that much less competitive.
Also, the wealth that is created by oil and the pay in the jobs that support oil are far higher than the wealth and pay around other industries. Who makes more per job: cashiers, waiters and retail jobs or people who work for oil companies and the industries serving them?
Oil is far from the only commodity out there, but it is used by every single consumer, whether they own a car or not. What gets products to market and is used in various aspects of manufacturing? That would be transportation services and crude oil. The United States has so far been able to avoid deflation, but what happens to the Producer Price Index and Consumer Price Index when oil falls this far this fast?