Bring on Higher Oil Prices: They’ll Boost the US Economy. Powell Sees it Too. A New Experience for the US

A small percentage of the masses would benefit from high oil prices, I disagree with title of this article.

Personally I commute 60 miles to work in Southern California, when oil is sub $50/ barrel , price at the pump maintains a sub $3.45 per gallon, north of $70/barrel price at the pump goes north of $4.25 per gallon.

I fill my gas tank 2.5 times per week regardless of price, I drive a Hyundai Elantra.

So higher oil prices mean less disposable income for me to spend on going out to dinner, an extra pair of shoes, etc.

So help me (the middle class) understand how higher oil price will improve my economy, will big oil cut me a check?

I don’t care to invest in big oil stock either, the title of this article is painted with a broad brush which doesn’t consider where the biggest impact is felt with higher oil prices, higher oil price very likely would be the catalyst to the next market correction/recession.

Less spending due to my above example equates to less revenue at medium to small business by consumers who are in similar shoes to mine, inflation continues to flatten, so change perspective from big oil earnings to impact on the masses.

(Mic drop)

Sell-Limit Oil @ 64 —> 67 / 43 ...

I agree with you totally. Higher oil prices will result in less disposable income for most people, which will lead to cutting back on spending. Less spending will translate to less growth. Combine slowing growth and rising inflation and you will have a real big problem.

i have to agree butttttt is it not true that america is importing less oil

Perhaps higher oil prices will help sell more electric vehicles?

58 - 60 zone could stop bull and push oil
lower and lower ...35 at least

Higher oil prices do not boost the US economy, they act as a tax on everyone in business. They depress spending and because they add to the cost of goods they need to be transported they increase inflation.
The price of oil and inflation are often seen as being connected in a cause-and-effect relationship. ... For example, if the price of oil rises, then it will cost more to make plastic, and a plastics company will then pass on some or all of this cost to the consumer, which raises prices and thus inflation.Jun 1, 2018

Higher inflation means less chance of a rate cut, which means that banks will not cut rates citing inflation. If you wonder why things happen in the world, you realise all you have to do is follow the money. Banks don't want to lend cheap money, they want to lend expensive money, now they got you hooked on cheap cash and up to your ears in debt they will do what any drug dealer does, up the price.

Iran is a target due to the oil flow through the region, create conflict there and drive up the price of oil. We are ruled by the elite and unless you see through their plans, you will support them. You can see the person that wrote this article is a clueless muppet.