re: Update, May crude oil futures now down to under $12

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yes, higher oil revenues is good for the entire country.

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I'm providing hard evidence that is not.

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You think La is the only state hurting with lower oil prices?

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You're moving the goalposts but that's okay. So tell me, how many people will lose their jobs in the entire nation due to cheap oil? According to the BLS, there are 145,000 people working in the O&G extraction industry.

Let's be very generous and say this the multiplier (support services) triples that number to 435k, and half of everybody loses their jobs. That's 217,500 jobs lost.

You're saying that America should pay $200B to $400B more in order to save those jobs? That's up to almost TWO MILLION dollars per job!

On top of that you're not taking into account all the other non O&G jobs that are created when Americans have an extra $200B to spend.

Do you have any actual facts to dispute any of this?