The question is for how long?
Positives:
- Form of economic aid that will shorten the recession by putting more money into consumers pockets. This is huge! When Oil was near $150 a barrel there were riots in poorer countries because of increases in the price of gas and cooking oil.
- Makes the world a nicer places and helps countries that are not oil producers (majority of the world, including the poor such as in India and Pakistan).
- May help the Big 3 by increasing truck sales.
Negatives:
- Hurts Oil Producers such as Iran, Saudi Arabia, Venezuela, and Russia.
- May decrease interest in Hybrids and Electric Vehicles
- May reduce investment in alternate energy R&D.
- May increase use of oil
- May reduce projects to increase oil efficiency.
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