FOXNEWSW Special Report With Bret Baier January 21, 2016
Talking about driving this collapse is the price of oil. Absolutely. I mean the price of oil is back to where it was when i first started covering energy back in 2003. It is amazing to me, id like to buy about six barrels and put them in my office. Its very good for the consumer. It means the price of gas is going to go a lot lower so of course, thats something to celebrate. But it is tough for the stock market. Because its bad for oil companies. They drive the dow. Its also going to mean a lot of layoffs in the industry, thats inevitable. Its bad for the big banks. They back a lot of these tr...