Fine, but WHERE?
Low oil prices hurt Russia, but only help American consumers/economy if passed on to them.
Taxes can make those low oil prices prices outrageous for both, and a goldmine for the big government and Prog Socialist Deep Swamp Globalists.
European consumers and economies can be screwed the same way for the benefit of the Banksters and Sunni Muzzies.
As we’ve seen here in Pennsylvania, oil prices and gas prices are inversely proportional; oil goes down, taxes (prices at the pump) go up. Current state tax per gallon of gasoline, 58.2 cents per gallon.
Low oil prices do not help the oil and gas industry. We need oil around $70/bbl.
Oil prices will fluctuate.
One of the largest deposits on Earth, in Northern Alberta, is shut in because they cannot get all they produce to the market. Completion of the Keystone XL and the Trans Mountain pipeline will allow that oil to flow at market prices. Continued shale production increases in the US will also increase supply. Production in Venezuela might reach zero soon, but over time, after a regime change, it will increase again.
Things look good on the supply side, especially in the Americas. Increased supply means lower prices.