Background pretty, drilling is not. |
Cheaper oil helps not only our pockets, but our military. Cheaper oil means less spending on oil, which calls for more spending on defense or/and offense. This will help us deal with trouble brewing in Ukraine, ISIS land, and China, pretty much every where. Good for our government, bad for the oil companies since they need money to fix their oil spills and there will not be much profit in drilling, which is actually good for us, go EARTH. However, oil companies shares have fallen in the past months, hurting our economy, but balanced by more spending, just in time for Christmas too. The main problem is that we might rely on oil if prices stay low, therefore ceasing any reason in finding alternative, green, clean energy sources.
If we are able to use our extra money on buying green energy sources we might be able to convince stock people that green energy is still a profitable venture. The government will have to offer more incentives to use green energy compensate the dropping oil price. It might even become an issue for the next presidential elections. Oil is not forever, so let us help mother nature..
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