What will lower oil prices mean?

What will lower oil prices mean?

Here are a few possibilities:

The oil exploration industry would close shop - impacting jobs and a host of related industries.

The initial glut of oil could see diminishing reserves and an eventual explosion in the price of oil.

Could it spell the short-term death of fracking?

Could it spur automotive industry sales to new heights as well as stay any new innovations in alternative energy solutions for both the automotive industry and other  oil-dependent industries?

Are the oil barons attempting to preserve and delay the death of oil? Oil is a control commodity – those who control oil, also control the U.S. Petrodollar.

A Global Currency Reset (i.e. GCR) based on lower oil prices, if oil is to be included in the bundle of commodities which forms the new global currency, could suppress the initial reset value for gold or silver.

Cheap oil could grow global economies and should make many retail products less expensive.

It will put more disposable income in the pockets of consumers.

Definitely a plus for the Chinese economy. The largest global consumer of oil.

A tremendously adverse impact on the Russian economy could set the stage for global conflict (i.e. WWIII).

But will low oil prices insure cheap gasoline prices at the pump? I inclined to think not. The suppliers and retailers of oil have unique relationships. An inexpensive barrel price, coupled with high retail pump prices will mean that very few people stand to make a lot of money.

Smaller oil producing nations (i.e. Nigeria for example) could collapse leaving only the oil giants when the dust settles.

Lower oil prices should mean dramatic downward valuations in the stock market and individual corporations – oil revenues and profits will fall.

Tax revenue from the sale of oil will make it difficult for all levels of governments to meet annual budgets. Revenue shortages would eventually impact social programs and government spending.

Remember one thing - the falling price of oil is another "smoke-screen". There is something cataclysmic set to happen in the very near future.

Thank you,
Joseph Pede