Cheap Oil Price is Not good!!!!

[MathGeek]

In the long term, capitalism works and price downturns lead to increasing production efficiency and reducing production costs.

As far as governmental policies go, the focus should be on reducing governmental requirements and policies that increase production costs and artificially deflate demand. Here is a checklist of things the feds could change:

1. Repeal ObamaCare to decrease the cost of labor for employers in the production, transportation, and refining sectors. This will increase competitiveness with foreign produces with far cheaper labor costs.

2. Reduce unneeded regulation and required approval processes.

3. Open the door to cheaper and more efficient transportation and refining through speedy approvals and reduced regulation.

4. Repeal all ethanol subsidies and requirements that reduce demand for oil because it is replaced with subsidized ethanol.