When you consider the top 10 oil producing countries account for 63% of the world's production and other than the 17% representing the US and Canada's share, it is split up among Russia, Saudi Arabia, China, Iran, UAE, Venezuela, Kuwait and Iraq with some of the above named countries funding terror groups like ISIS and Al-Qaeda. A reduction in price/profit has to be a net-good thing.

The country used 134.5 billion gallons of gasoline in 2013. A dollar a gallon in savings has to offset the jobs/money lost due to a reduction in domestic oil production. Especially when you consider how much U.S. money is going to the 8 countries mentioned above.

Despite the $3 billion payoff in U.S. taxpayer money given to these clowns by BO.

http://www.judicialwatch.org/blog/20...orist-nations/

from what i've seen, domestic oil production has actually increased under obama. that while emissions have decreased.
we have to get a handle on things as far as pollution and the green house effect, we can only do so much to this planet...if it gets ruined, it's not like there's another planet nearby to go to!

Because of or in spite of is debatable.

Deep recessions will have that effect. That, and cheap natural gas.

6 ways the oil price drop is great for the American economy
http://www.vox.com/2014/12/3/7319787/oil-economy

i have always said that presidents get too much credit, or too much blame. just reporting that since it's a fact that there has been more output-we actually are producing more than we import now. and without opening more federal lands at that.

Gas war going on in Oklahoma. $1.99 per gallon.

http://money.cnn.com/2014/12/03/news...gas/index.html

Saw that last nite on eve news:tro:..showed 2 stations with that price..you moving to Okie:D

Seeewie.... No way!

$2.49 here today and that's not bad.