Good point, Paul. It will be interesting to see what happens if oil stays down for long. So many of the jobs created have been in the oil and oil-supporting industries, and now this is beginning to unwind. Clumsy had nothing to do with the creation of the jobs, but is very willing to take credit for it.
Capital expenditures in the oil industry totaled 1.2% of GDP in 2014. While that might not sound like much, if a good portion of it goes away, it will have a big impact on the economy.