In the economic theory of capitalism the jobs don't disappear, they just migrate.
When millions of people pay less money at the gas pump they have more to spend on other goods and services.
Those industries and trades benefit from the increased purchasing power of the consumer and then add on new jobs and contracts.
The ecomonic theory of capitalism is terribly flawed, especially as implemented in the U.S. It's best when us plebes are able to exlpolit it for personal gain as best we can. Especially in Oklahoma. This states not all that appealing in the first place...take our only economic saving grace down the hole and we're just a bunch of fat drug-abusing poor people with pregnant teenagers that vote R.
Know your place. There's us and there's them. The job cuts won't affect those at the top at all.
I read an interview with Trevor Rees-Jones yesterday. He's buying like there's no tommorrow. Rich folk always benefit in times like these. He's about to make a shitton more money. Devon top brass won't be crying, either, as their employees from Texas to Edmonton pack boxes for the next few months.
Oil & gas, banking, airplanes and a service industry built aroud them. That's what we got.
Nobody is being lifted out of poverty by cheap gas.
Here I'll make everyone disagree with me whi hasn't thus far. We need higher corporate tax rates, tightened regulation in industry and finance, unions to grow again, and wage increases (including a federal minimum wage hike). I'm on the same side of the economic isle with a few of you dissenters here, I just think you're villifying the wrong people and cheering for spilled crumbs. Good paying jobs take a huge hit, the poorest of the working poor (who OSA usually has no sympathy for - see minimum wage threads) might have a few extra bucks for cigarettes, the rich stay rich or get richer. Not a lot to cheer about from where I sit.
But hey, I know a young redneck with no savings account. Fawk that guy. Let's cripple the economy because he needs a lesson in personal responsibilty.