RE: Oil prices
Or you can look at it as a boon to the economy with more purchasing power in the hands of the public.
I have made two long road trips since Thanksgiving just because the fuel prices were reduced. Less fuel cost= more go. More go = cash spent along the way.
The last road trip was a two day sprint that included payment for a motel room, 6 meals eaten in restaurants with the daughter's family included in one (equaled a weeks' pay for the waitress) and a large purchase of goodies for the grandkids and kids that came to a tidy sum, helping boost the economy along.
You are not going to see the economy shrink, but expand, and travel will be one of the first things impacted positively.
I am sitting here in a climate where I have not seen temps above zero since Christmas. A nice cruise on a big ship headed for the tropics has crossed my mind several times lately. The cost for me to get too that boat, 900 miles away, is now cut in half due to the reduction in fuel prices.
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