Even if the economy is facing deflation lower oil prices are still good for the economy, but bad for global warming http://www.cepr.net/index.php/blogs/beat-the-press/even-when-facing-deflation-lower-oil-prices-are-still-good-news-mostly …
@matthewstoller Right, the other bad part of this is it undercuts efforts to wean ourselves from Saudi oil for that reason. @DeanBaker13
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@emptywheel@DeanBaker13 Which is why the Saudis are pumping oil. Shame about all that renewable/Bakken/fracking competitive investment...Thanks. Twitter will use this to make your timeline better. UndoUndo
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