Decrease in Oil Prices
Compared to the reduction in oil prices, every other economic event in 2014 is significantly less important. The 40% drop in the price of oil since June 2014 is an economic benefit larger than the largest tax reduction in the economic history of the world.
With American consumers enjoying more than $1 per gallon decrease in the cost of gas over the last few months, each American household will save thousands of dollars over the next 12 months. Multiply that by over 100M households in the United States and you can see that the American consumer will have hundreds of billions of additional dollars to spend on consumer goods and services.
It typically takes about 12 months for any economic event to be reflected in the statistics. Therefore, we expect it to be summer of 2015 before we can fully measure the impact of the reduction of the cost of oil. However, that enormous positive economic force is now “in the pipeline”.
A really good tract of land is the best long-term investment possible. Not every tract of land will benefit to the maximum from what is coming. Those that buy one of the best tracts of land will benefit most and look brilliant. Call us… we would love to help your investment decision look brilliant!