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 …
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@emptywheel@DeanBaker13 Well yeah. Here's the reason there's elite panic. Rich people have a lot of equity these days in pricey energy...Thanks. Twitter will use this to make your timeline better. UndoUndo
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@emptywheel@DeanBaker13 ... mostly fracking and tar sands, but some renewables. This move by the Saudis guts their equity. - 2 more replies
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