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Russia, Iran, and Venezuela are all big LOSERS as oil plummets and that is a great thing!
Additionally, after nearly 6 years of $3.00 or higher gas prices under Obama, the price is now sliding well under $3 in most parts of the US, resulting in a giant stimulus for the economy.
The recent phenomenal strength of the US dollar is also a HUGE factor in collapsing oil prices as oil is traded in dollars. The better the dollar, the lower the price of oil.
If the price of gas gets down to the $2.25-$2.50 range, it will add about $600-$750 billion dollars into the economy over the next few years.......
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~
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"The men who drafted Patrick Mahomes"
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