{"id":7484,"date":"2014-12-15T14:35:33","date_gmt":"2014-12-15T14:35:33","guid":{"rendered":"https:\/\/highplainsblogger.com\/?p=7484"},"modified":"2014-12-15T14:35:33","modified_gmt":"2014-12-15T14:35:33","slug":"declining-oil-prices-bad-for-economy","status":"publish","type":"post","link":"https:\/\/highplainsblogger.com\/?p=7484","title":{"rendered":"Declining oil prices bad for economy?"},"content":{"rendered":"\n<div class=\"twitter-share\"><a href=\"https:\/\/twitter.com\/intent\/tweet?via=jkanelis\" class=\"twitter-share-button\">Tweet<\/a><\/div>\n<p>Economics isn&#8217;t my specialty. Indeed, I don&#8217;t have <em>any<\/em> specialties.<\/p>\n<p>I&#8217;m trying to understand why some economists now think the declining price of oil and the concurrent drop in gasoline prices is somehow bad for the recovering U.S. economy.<\/p>\n<p>http:\/\/www.msn.com\/en-us\/money\/other\/is-dollar40-oil-coming\/ar-BBgNjHn<\/p>\n<p>Does anyone else remember when crude prices were skyrocketing from, say, $40 per barrel to more than $100? The stock market went bonkers. Investment accounts were drained of billions of dollars.<\/p>\n<p>However, the oil industry made a gigantic comeback. NPR this morning did a story from West Texas detailing how pump jacks that once stood like dinosaurs have jumped back to life and are pulling out of the ground.<\/p>\n<p>A lot of other factors have contributed to the nation&#8217;s economic rebound.<\/p>\n<p>Moreover, a lot of factors are contributing to the glut of oil that&#8217;s driving its price downward.<\/p>\n<p>Now we hear that the economic recovery might be jeopardized by the plunge in oil prices.<\/p>\n<p>The oil boom might fizzle out at the production end, but what about the increase in disposable income for motorists who aren&#8217;t pouring as much money into their fuel tanks?<\/p>\n<p>Will they be able to spend more of that income on other essential &#8212; and non-essential &#8212; items?<\/p>\n<p>Economics can be a complicated issue. This oil price up-down cycle has me confused.<\/p>\n<p>&nbsp;<\/p>\n\n<div class=\"twitter-share\"><a href=\"https:\/\/twitter.com\/intent\/tweet?via=jkanelis\" class=\"twitter-share-button\">Tweet<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Economics isn&#8217;t my specialty. Indeed, I don&#8217;t have any specialties. I&#8217;m trying to understand why some economists now think the declining price of oil and the concurrent drop in gasoline prices is somehow bad for the recovering U.S. economy. http:\/\/www.msn.com\/en-us\/money\/other\/is-dollar40-oil-coming\/ar-BBgNjHn Does anyone else remember when crude prices were skyrocketing from, say, $40 per barrel to &hellip; <a href=\"https:\/\/highplainsblogger.com\/?p=7484\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Declining oil prices bad for economy?<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,13],"tags":[1195,1514,1859,3394,3395,3396,5229],"class_list":["post-7484","post","type-post","status-publish","format-standard","hentry","category-business-news","category-national-news","tag-crude-prices","tag-economics","tag-gasoline-prices","tag-oil-industry","tag-oil-prices","tag-oil-production","tag-west-texas-oil-boom"],"_links":{"self":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/7484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7484"}],"version-history":[{"count":0,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/7484\/revisions"}],"wp:attachment":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}