Sounds like another variation on “Drill, drill, drill? We can’t drill our way out of this.”
It is not. It points out the fall in oil prices is partly driven by slowing demand of the global economy. Cheap oil prices are a symptom of a economy that was shedding jobs in the first place, mostly Europe and Asia this time around. On top of that, tens of thousands of jobs lost in the oil sector and the loss of demand for pipes, valves, cables, switchgear etc contributes to other industries.
It is not just oil down in price. Iron, copper, some other metals, lumber, propane, ethane, etc are all down from last summer.