An excellent article from The Economist on whether cheaper oil will assist our growth or is a tell-tale sign of issues ahead. It demonstrates how you might both analyse and evaluate the impact. There is often not a right answer....... the answer often 'depends' on other variables and their relative strength.
http://www.economist.com/news/finance-and-economics/21625819-oil-price-tumbling-good-or-bad-news-world-economy-both?fsrc=scn/tw_ec/both_symptom_and_balm
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