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CNBC Squawk Box December 12, 2014

The iea also warning that weak demand raises the risk of social instability. But Goldman Sachs executive calls lower oil a blessing. There are a lot of positives to the economy from the Energy Situation to the resurgence of housing to the most important thing of having reversed all the leverage that was in the system and kind of reset the clock. So you can take something thats a blessing, lower price of oil which once you think of like a tax cut. Take a look at the price of crude. Youre looking at wti crude at 59. 33. What are you smiling about, joseph . How many times have you heard that Lower Oil Prices like a tax cut . I probably heard that a thousand times in my life. But i agree. But i dont know if thats the you know . I saw that yesterday, too, that he said that. I was like, thank you, but i knew that. Right . L ....

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