Jack Delano Cafe at truck drivers’ service station on U.S. 1, Washington DC Jun 1940 with the 30-cents blue-plate lunch special.
Crude oil is at a 5-year low. Field service representatives love cheap gasoline. They have less expense and more profit.
Cheap oil and gasoline allows us to see how the economy is really doing, without the multi-layered veil of propaganda, spin, fixed data and bailouts and handouts for the banking system. I wonder how many people will scratch their heads as they’re filling up their tanks this week and wonder how much of a mixed blessing that cheap gas is. They should.
They should ask themselves how and why and how much the plummeting gas price is a reflection of the real state of the global economy, and what that says about their futures.
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