“reading between the lines the article is saying that oil is at a high and its relative to the economy and demand. It can possibly drop 75% because of the economy and demand. Which means a whole lot of suffering for everyone”
For the price to drop that much is inconceivable. Domestic production would grind to a halt like in 1982-83. Low price might sound good, but other things could turn quite bad
Realistically, crude is not that expensive when relatives cost increases of everything else are considered. Especially when the cost of production is also looked at.
The cost of crude has a lot less to do with the cost of gasoline than it used to. And the cost of gas is how most people judge oil or energy costs.
Lower gas prices? Throttle the damn government. That is driving gas prices. The EPA and it’s unconstitutional mandates.