21 Apr 2020 All Pain and No Gain as Oil Prices Plunge, the Windfall is Unspent

Ian Shepherdson (Chief Economist and Founder)20th Apr 2020 20:20U.S., Economic Monitor

Under normal circumstances, the boost to consumption from the astonishing collapse in oil prices would act as a substantial--though not complete--offset to the hit to capital spending in the shale business.

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