Quote:
Originally Posted by steve dunham
The price of crude oil has dropped to a point where it is no longer profitable for some domestic oil producers to continue production. They are talking about layoffs in the US and Canadian oil industries . There may be unintended consequences with the recent dramatic fall in fuel prices and they might not necessarily be good for the overall economy.
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I have heard lots of talk of stoppage of capitol projects, and layoffs of workers. I know many people that will be affected by this. The wee bit of savings in fuel costs definitely pales to the cost to the economy.