Long Run Explor Ltd Ord WFREF

looks like a senior moment... Yellen

[iwpete]

Yellen ...

"Several participants noted that there were signs of layoffs in the oil and gas industries, and that persistently low energy prices might prompt a larger retrenchment of employment in these industries.

 

In addition, it was observed that if capital investment in energy-producing industries slowed significantly, it could damp the overall expansion of economic activity for a period, especially if the slowing took place after most of the positive effects of lower energy prices on growth in household spending had occurred."

So low oil prices that were supposed to be good for the ecomomy are now not so good for the economy. 
Maybe the fed should look at Comex oil trading and seperate out that which actually gets delivered and put the rest in a casino in Las Vegas