And this is a bad thing why?
This is a great thing, it just needs to keep coming down.
Because the same can be said for falling grain prices. Imagine a 50% drop in demand for a product you rely on for income. Job loss. What little job creation there has been in this crap economy has been energy sector related or dependent. Anything oil and gas related is going to take a hit. Watch for big layoffs in the oil sector.
It’s neither good nor bad, it’s just the current snapshot of price.
Act accordingly. Price movements are opportunities.