Citi: It Looks Like Low Oil Prices Didn't Help Other Companies Make More Money

Earnings estimates have been slashed across the board, but consumers didn't take their money elsewhere.
Photographer: Daniel Acker/Bloomberg

The collapse in oil prices prompted analysts to slash earnings estimates for energy companies around the global by $164 billion in 2015. Those losses were supposed to turn into a gain for households, by freeing up room in their budgets for more discretionary purchases.

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