Over all the lower oil prices ought to be good news. Not for the big overpriced oil companies but who cares about them?
People will have a little extra cash to spend now.
A healthy domestic oil industry is vital to our national security, so we should care about them. Those high-paying jobs are part of why our economy is booming, they create wealth and domestic economic well-being for a lot of people.
Yes, lower is better for most people, but too low is bad for all of us in the long run. Our guys can get by with oil in the $40’s, let’s hope it gets back up there soon.