Sorry but I won't subscribe to the cheap oil is bad for the economy theory. It will probably negatively affect my job as well, but overall it is definitely better. Inexpensive energy is what has fueled the improvement in our quality of life over the cavemen.

The price of gas to high hurts the economy, the price of gas to low hurts the economy, WTF.

it seems to me that the cheeper fuel prices put more people on the road this holiday season than in the past 10 years.also,more people will run the boats more because they can afford to fuel them now.as the demand for this cheeper fuel goes up you will be working more to keep the supply up.and the money saved at the pump will be spread into the economy because now folks will have a few xtra bucks to spend that they used to put in the tank.i may be wrong but it seems like everybody wins except the saudies,and puck them anyway!

Last time it was this price seems most companies did ok, but I do realize that fracking cost more to produce. It will hurt that part and I think it's one reason the Saudi's are doing it.

Along with squeezing RUSSIA and Iran.

It's all a game and we are just pawns.

It will go back up, just a matter of time.

High fuel prices have been crushing the economy and lining the pockets of the mega rich for long enough, not to mention sponsoring the terrorists across the pond from us .yes it may slow the oil boom, but isn't that the nature of a boom?

i don,t hate a person for wanting to protect their livleyhood.how come we as american,s will keep buying all this junk from china,because it is cheep but it has put hundreds of thousands of american workers out of a job.every time you buy this chinese junk you put another anerican out of work.just giving some food for thought.,

HI!

The price for a barrell of north sea oil is now approx USD 60. For some months ago it was double.

The oil industry in Norway went through the roof the last few years. The gas prices too. We paid this summer approx USD 2,5 for 1 litre. Apporx 10 USD for 1 gallon.

Now when the oil is dropped to the half. Do the gasprices follow? No ofcourse, Even the government asked for a meeting with the oil companies to get an explaination. Now the price is USD 1,8 per litre. But in NOK the difference is not that big. Howveer, the drop in USD is mainly due to change in NOK currency strenght vs USD. The NOK currency is now 25% weaker against USD than for 2 months ago.. In NOK the price gone from NOK 15,5 per litre to NOK 14 per litre. A drop in 10%.

Cheeers, Toffen

I agree mike. I try to buy American even if I pay more. I also try to use small local hardware and not just big box. Try to do my part

Yeah, I rmember reading all the threads on how rising oil prices were going to damage the economy a few years ago. Nobody was saying, "these 4 dollar a gallon gas prices are just what the economy needed"

It's not the price of gas I'm talking about. Do a little research and see how the price of commodities are tied together. Anything plunging is never good for a stock market. Stock market is what out economy is based on.