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Forum name	General Discussion
Topic subject	Most of the econ growth in the past few years has been petro related
Topic URL	http://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=12714282&mesg_id=12714351
12714351, Most of the econ growth in the past few years has been petro related Posted by PimpTrickGangstaClik, Fri Jan-30-15 02:47 PM 10% of business investment in the US is related to oil and gas drilling. So in this oil price down turn, overall business investment decreased, and 4th quarter GDP growth was below expectations. On the other hand, personal consumption is up due to lower gas prices (people have more free cash to spend). So yeah, it's a balancing act for the overall impact on our economy. Could be good, could be bad. Remember. the US is a oil based economy (just not to the extent of Russia, Saudi Arabia, Venezuela, etc.)