Keith Johnson discusses the impact of crude oil at $80 per barrel:
….Cheaper oil prices means lower prices at the pump and for everything that is ever shipped, from food to flip-flops. The recent fall equates to a massive, unplanned stimulus package for the world’s shoppers. Citigroup, for instance, figures that cheaper prices amount to a $1.1 trillion global shot in the arm.
Read more at Note to World: Alleged Oil Shock Isn't All That Shocking.