Ha! OPEC isn't going to cut production, which sends prices even lower.
I think there's something to this theory that they're using low oil prices to test the resolve of the Tar Sands and Keystone XL. The lower prices go, suddenly the Tar Sands become economically unviable. Which I don't mind one bit.
Mind you, that means higher oil prices once OPEC has eliminated their competition, but by that point, we've already had to focus our attention on cleaner energy sources.
And of course, the drop in oil prices isn't being seen at the pumps. It used to be that every dollar on the barrel coordinated with a penny at the pumps (so, $80 bucks a barrel meant 80 cents a litre), but that coordination is long, long gone. The barrel continues to go down, but gas stays at $1.10, never less. Funny how that works.
And lower gas prices means cheaper everything and a healthier manufacturing base, so that's OK by me, too.
But yeah. Putting the squeeze on the Tar Sands and Keystone? I'm on board with that.