Probably. I remember the last time the bottom fell out on oil. Late nineties, it dropped to about $8 a barrel. All over the world there were revolutions, coups, blood in the streets.
We can survive rock-bottom oil prices. One-industry countries can't. It gets bloody.
I remember that. For a couple of weeks, gas was under $1/gal. where I live.
“We can survive rock-bottom oil prices.”........Never gonna happen as long as odumbo has the wheel. He told us he wanted $8.00/gallon gas prices and by damned, he’s going to get it one way or the other. Lets all hope this is another of his “dreams” going up in smoke.