Actually, that is in fact the number one rule in the market place --to meet the customer's demand. I'll confess that my problem is that I really don't have enough info on commodities like oil, other than to compare short term trends to long term averages. That and the fact that oil isn't the only thing happening these days:
This Story Is Even Bigger Than Oil Crash - Myles Udland, Business Insider
Spoiler: the concern is a huge rally in T-bills. It means not only we got a big-time exodus out of all kinds of other investments, but that also there's an unvoiced acceptance of the idea we're in a deflation and broad-based econ collapse. [shudder]
If that be the case, we should have gone to all cash a month ago, but I don’t see the “collapse.”
I can see inflation pressures easing significantly. And I can also see increased economic activity from the lower energy prices.
When gasoline is lower in price, people drive more. Every time.
Any guess as to how much of a drag oil prices will have on GDP?