Oil prices are dropping, which is good news for some, and bad news for others.
Supply is up, because of fracking.
Demand is down, because many economies haven’t recovered.
In the meantime, various producers are engaged in commercial skirmishes, trying to use the situation to gain advantage.
In the long term, as oil supplies diminish, the price should go up; but as new technologies and energy sources become available, the demand may also diminish driving the prices down. An interesting race that is vital to our society.
“The Pros And Cons Of Collapsing Oil Prices” – Pragmatic Capitalism
Pretending Not To Panic 