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I know there are many folks who work in the oil industry, but I wish someone could explain how lower oil prices are so terrible for the rest of the economy. Itâ€™s my understanding that our modern economy is very energy dependent. Cheap oil would be bad for the oil companies of course, but what about everyone else who are consumers of oil and all of the products made from it? Certainly far, far more people are oil consumers than oil producers.

Maybe the drop in oil prices is really just an indicator of a bigger problem. Cheap gas should be getting used but it isn't. Gas is cheap because demand is gone. Where did it go. The hidden recession that Hussein doesn't want you to know about looks like a good deal in gas prices but it's really a symptom.

Second point: In Iowa all agricultural industries are in the tank because demand is down and the desire for ethanol is down. So there goes John Deere and the value of farm land and farm income. The company for whom I work is supported by the ethanol industry and we are really slow right now.