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Good News Bad News

December 10, 2014 Leave a comment Go to comments

The crash in oil prices is a good news bad news situation for those of us in recruiting.  Lower sustained oil prices may be the most significant thing that we need to finally get the economy going.  Lower gas prices put more money in just about every consumer’s pocket.  They also lower costs for most businesses directly or indirectly.  These savings trickle down to other companies and combined with consumers’ ability to spend more have a huge impact on the economy.  If this pushes us into real growth, the recruiting climate will be great.

For the Energy Industry this is bad news.  Lower oil prices do squeeze profits or at least available cash flow to grow for companies in the Energy Industry and related industries.  This is a big sector and more industries are related to energy than most people think.  Like most things, you can look at it positively or negatively.  Overall, lower oil prices probably have more positive impact in the long run.

 

todd@toddkmiec.com

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