A brief observation from my favorite economist about oil prices
Because the US still imports 5 million barrels/day of oil, and consumers spend a substantial share of income on energy, cheaper oil boosts GDP. Every $10/bbl decline shaves 25 cents off the price/gallon of gas and reduces oil imports by $50 billion/year. That will boost GDP by almost half a percent. If oil falls below $65/barrel, the benefits remain positive but shrink as US drilling and exploration activity will fall.
Elliot F. Eisenberg, Ph.D.
HAMBY REALTY in Jefferson Oregon has been providing customer satisfaction to real estate clients since 1965 continuing as a family operated business by Nancy Hamby and Jeff Marcec. At Hamby Realty we specialize in serving both buyers and sellers dealing in Oregon residential real estate, farms and small acreages in and around the Willamette Valley.
Tuesday, November 11, 2014
Tuesday, November 4, 2014
Here's a copy of the Jefferson Together November Community Newsletter This includes a lot of information about what's happening in our community as well as what's scheduled for the community center.
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