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the lower prices of oil is good for the economy or not.

the lower prices of oil its good for the economy or not any answer is welcome thank you.

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Answer #1

Definitely good - enables money saved to be put back into the economy and makes transportation of goods and services run.

Answer #2

I think it’s great…a ton of people are “feeling the pinch” right now, of slower business, less economic activity, etc, etc.

So anything involving lower prices is a great thing.

Answer #3

It’s good in the short run because it allows consumers to have more money to spend on other things.

It’s bad in the long run because it reduces the incentive for developing alternatives to oil-based technology.

    I hope you do not take offense,
    To that that's gone before;
    'Tis only that it's my two-cents,
    And not one penny more. §;o)
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