So is the possibility that consumers both there and in Europe may, for particular reasons, be more inclined to save any windfall from lower oil prices than they used to be. These factors may, for a time, work against the traditional positive effect.
Beyond issues strictly related to the economics of energy production and distribution, the current crisis in California is having profoundly important effects on public and private finance – from pressure on the state budget as billions of dollars are expended to finance power costs to the budget problems of many struggling California businesses and households.