Oil's negative impact on the US economy could be finally waning

New York

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 US economy. After the downturn in mining equipment and structures served as a major drag on growth without much in the way of a positive offset, they were forced to revisit this thesis.