Oil Industry may be hit but the general economy is reflecting the price decrease in energy.
More furniture, cars,food and lots and homes further out from the city are being bought. I'm sure everyone has noticed the signifigant uptickin vvehicles, on the road.
People have an extra 20 to 100.00 to spend on other things.
The roads are more crowded first as an effect of cheaper fuel but then in reaction to a probably self fulfilling projected increase in price. They want to travel while fuel is cheap.
Meanwhile Commodity Traders, Hedge Funds and Others are filling tankers and running them in circles, in the oceans.
There appears to be coordination to drive prices back up starting with cutting crude production. It matters not that they put the People out of work.
They are still making money however they want to drive prices back up.
This is one reason I would prefer to see a National Company chartered and Keystone refined in the US for US and Canada and not adsorbed by Global Oil Cabal of Tradrs, hedge Funds, OPEC, and the new Seven Sisters. Remember Sohio?