Perhaps the declining oil price is a Saudi move against Iran. Arabia makes money at $60 a barrel. Iran goes broke at $60. The tactic was used against the USSR and it had a powerful effect. The Saudis went along with Reagan and boosted the supply of oil to make the price crash and stick the screws to the Soviets, which it did. The Sovs had run out of all the treasure they stole from Eastern Europe post WWII and the war booty they got from Germany and were living on their oil. The Saudis remember.
This happens and it certainly won’t be good for the Texas economy.
Prices in CA seem to be dropping steadily.