Here’s why oil rout is hurting the global economy instead of helping

Would you rather oil workers not have any money or would you rather everyone not have any money? Oil had it's day and they should have saved profits for when it rained!

Honestly, the US has sorely lacked a product to export since the early eighties when manufacturing was stomped to death by politicians. The oil exports were a good thing even though it hurt us at the pump. For my sake, I'm glad that gas is cheap. For the whole economy, well, we just can't get back the money we spend on Chinese trinkets with a couple hundred million operating systems every four years and 15 airliners per month. Our balance of payments has averaged 30 - 40B per month in the negative since Reagan. The only way to replace those dollars has been to sell equities or treasuries. The same as selling the furniture to buy food and putting the mortgage on a credit card. Now, we are kind of broke (-18T and counting). The oil sales were very helpful even though high prices clobbered our standard of living.

The "Age of Oil" is almost over.
Time to pack up the tents and go back to the desert.