How? I heard POTUS say that but the logic eludes me. People are more likely to travel if cost to do so is lower, construction costs are lowered, shipment of raw materials and finished goods is lowered. If you have more money in your pocket after your commute you are ore likely to upgrade your appliances, dwelling, vehicle etc. you will have a very difficult time convincing me that low fuel costs are bad.
Oil companies have a surplus of oil they need to get rid of, and people aren't buying gas, so of course the only way they can get rid of it is to keep dropping the price. Basic economics.
it is good. we have more domestic oil instead of getting it from the middle east or elsewere. people save more money on gas. people thrive, the economy thrives
It's bad for people in the oil Industry because no one is buying there's, they have too much already. Other countries economy is collapsing that use oil as there dominate source for the economy(like russia) that is why their economy got fucked up the ass
http://www.foxnews.com/opinion/2014/10/21/real-reason-gas-prices-are-falling/
http://www.vox.com/2014/12/16/7401705/oil-prices-falling
http://time.com/3635908/gas-prices-oil-cost-of-gas/
you can see how the liberal, socialist countries, mostly in europe, have the highest prices. Gas in Norway costs almost $10 USD per gallon
http://www.bloomberg.com/slideshow/2014-12-02/highest-and-cheapest-gasoline-prices-by-country-petrol-ranking-oil-subsidies.html#slide2