OIL PRICES, THE BUSINESS PRESS AND THE CON

“I saw another story about layoffs caused by the drop in oil prices–as many as 6,400 workers at Haliburton. I’m always disappointed to hear about people losing jobs, but I can’t help noting that the general theme in the stories I’ve read in the business press is that ‘falling oil prices is bad.’ What about the other side? The average family whose income has been flat for years is finally getting a break. Why aren’t we reading those stories? More evidence for ‘The Sheriff of Nottingham’?”