Monday, January 12, 2015

Cheap oil impact widens

The impact of the Saudi's oil dumping in being felt in America beyond its oil fields. 

US Steel has announced a series of manufacturing layoffs because demand for steel for the drilling industry is suddenly in decline. 

More and more people are finally starting to see cheap gas isn't the economic panacea it once was. Not when it comes at the expense of those remaining industries that are propping up the U.S. economy.  

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