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Is Oil's Drag on U.S. Growth Finally Over?

Everything’s better in Texas (at least, compared with the mid-’80s).
Bloomberg business news

Does Low Oil Signal a Weak Economy?

One of the biggest surprises in economics has been how the world has responded to a period of lower energy prices.

In 2015, economists were nearly of one mind in declaring that lower energy prices were a net positive for the U.S. economy. After the downturn in mining equipment and structures—which encompasses energy-related capital expenditures—served as a major drag on growth without much in the way of a positive offset, they were forced to revisit this thesis.