[blam]

Thanks.

I read sometime back that if oil prices go below $75 a barrel and stay there for any length of time that the world economy would collapse.

Collapse?

I think the slow crash we're already in is causing the oil price to deflate...anyway, what do I know.

[familyop]

"I read sometime back that if oil prices go below $75 a barrel and stay there for any length of time that the world economy would collapse.

Collapse?

I think the slow crash we're already in is causing the oil price to deflate...anyway, what do I know. "

You know what's happening. Well said. Also, with the current oil price war, producers are tapping each other out. That is, many of them are depending on loans to keep going, and investors can only stand certain amounts of risk. If it keeps up, production will slow, possibly with much higher oil prices in the future.