Cheaper crude oil defunds Iran, the Sillies, the Saudis, and Russia.
Regardless of the belt-tightening, bankruptcies and consolidations rolling through the U.S. shale ecosystem, the physical resources, infrastructure, experience and intellectual property don’t evaporate, though they may end up with new owners.

Some analysts believe that once prices move north of $40 a barrel the shale resurgence will start; others think it will take at least $50 to make it happen. No one disputes that $70 would feel like Mardi Gras time again from North Dakota and Colorado, to Oklahoma and Texas. The futures market, which reflects today’s trader and investor sentiments, doesn’t foresee $50 for several years yet. That’s a very big problem for Russia and OPEC because even $50 to $70 is a long way below $100.

The minute that private sector investors and oil companies are convinced that oil prices are on the way towards just $50 or so, they will unleash hundreds of billions of dollars in investment capital now standing idle.
Cheap oil will be good for United States commercial and security interests (although petro-states going broke might lash out at the U.S. or at their neighbors) although inducements to develop green technologies -- and the learning curve works in their favor at ever lower oil prices -- will be less strong.

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