More on oilThing is, with the American dollar heading for the moon and a most other currencies heading for the crapper who really does stand to benefit from the oil price decline? With crude referenced in U.S. dollars, the beneficial impact of the lower price in almost every other currency is considerably lessened right off the bat. Actually it most benefits the American consumer with their hard dollar. Another case of the rich get richer and the poor get poorer. It’s hardly what I would call a successful initiative for global recovery. And where is the Fed in all of this? Must they sit idly by and do nothing to reign in their dollar? Is there to be only one winner in the global economy and if so, what can possibly follow that? On the other hand let’s examine the cost of lower crude prices in terms of the destruction of global energy assets. We will start first with the U.S., a country that doesn’t even produce enough oil for its own use. Surely they are the least guilty party in all of this over production. So maybe it should be the Saudis after all, the Russians and other OPEC members that really need to do the cutting. Many of them lack even the most rudimentary income tax structure and so the blatant indiscriminate dumping of oil on world markets is the only way they can earn revenue. And could this greed for revenue ever be quenched? I seriously doubt it. Putin’s vision of Russia is too vast, the Saudi’s quest for building 100 billion dollar cities in a sandbox that rarely sees temperatures of less than 50 degrees Celsius is endless or the Iranians that want to subdue the region through nuclear enrichment….why it just goes on and on. So even in the fallout out of this price adjustment it would seem that the wrong parties are being punished. Hardly fair, but it is what it is.