Mike Haasl wrote:
But... Don't the refining and distribution industries benefit from a cheaper raw material? Don't all the other manufacturing sectors benefit from lower priced oil and gasoline? My previous employer used oil based raw materials extensively so their input costs would go down with a drop in oil prices. Seems like most manufacturers would benefit. Most shipping costs would go down. Goods would travel to market cheaper benefiting retailers who could simply not pass the savings along to their customers. Amazon shipping would be more affordable to Amazon. It just seems strange to me that the energy sector is a bigger negative to the economy than the positives to the rest of the economy.