Originally Posted by MaxQ

Sorry...hit a random button and posted the first line above....
some truth to what you say.Viewed another way, it has created an artificial demand for dollars as , for all intents and purposes, all oil is paid for in dollars. One might even argue that oil is the Fort Knox underpinning of the dollar. The world economy has been kept from collapse by printing trillions of dollars and then loaning it out to various governments(especially ours) at almost zero interest. It is this almost free money that has fueled the ability to keep oil production as high as it's been.
Unfortunately no one knows how to get off the ride on this tiger. If interest rates rise or available money lessens, a sharp reduction in the extraction of oil will soon follow.A sharp reduction in the worlds GDP would then follow that.
The cheap oil is gone.This is a physical reality that our industrial world has yet to come to terms with.
While the entire world economy runs on oil, the industry you and I work in is one of the more vulnerable.