re: What’s bad about the price of oil dropping?

It’s bad for oil and gas stocks as well as for people employed in that industry. This is a Baton Rouge based message board, and the Louisiana budget is impacted significantly by the price of oil. In addition, many posters live in Houston and work in the oil industry there. Low prices mean less activity, less work, and fewer jobs until prices come back up. While low oil prices are good for most everyone, they’re very bad for a fairly large number of people in Louisiana, Texas, Alaska, etc. Considering those people make up a large percentage of the posters on this site, it’s relevant. While great for the nation as a whole, low oil prices are bad for Louisiana and Texas.