Hi All4one
If US forget about the fate of Shale drillers and the US doesn't care about oil price. US might be soon in another RECESSION.
1. Job creation
Shale drillers pump out light crude and condensates and Gas. Those are LIGHT oil and are not suitable for pipelines.
The only way is to transport them by trucks to refineries in the Gulf coast.
The refineries are unable to keep pace with those massive light oil/condensates that why they send them to other countries and get them back the oil that's in correct grades.
If you check the inventory reserves every week you should know that the reserves are up and down every week.
Those numbers tell you that there are heep of work loads involved therefore this is a centerpiece of job creation.
Without this art the US should buy more oil from Saudi.
US was reluctant to install a keystone pipeline because The US wants to see more job figures.
2. Inflation
Low oil means that the US is exporting inflation.
US is unable to get both job figures and inflation figure.
US has been trying to find out the best way to help its economy but US couldn't find a best solution.
All of those nonsense guidance about a rate hike is just an added confusion in the world equities.
As long as there's no clear view from the Fed. Eveyone is afraid when is another recession.
