Description: WASHINGTON — It has been a truism of the American economy for decades: When oil prices rise, the economy suffers; when they fall, growth improves.

Source: NYTimes.com

Date: Jan 22, 2016

Link: http://www.nytimes.com/2016/01/22/business/energy-environment/this-time-cheaper-oil-does-little-for-the-us-economy.html?ref=business&_r=0

Questions for discussion:

• Summarize the arguments made in this report.
• Do you agree with the analysis?