Crude Under 37 Dollars a Barrel... Expected?

Alright people, regardless of what anyone else has told you, after the economy began to worsen precipitously in September, there was no doubt that crude would fall as our economy did. As Global Markets have been hit extremely hard by a virtual worldwide recession, the demand for crude has dropped, while supply has not dropped to anywhere near the same extent. 

Another thing that some of you may be thinking about, is when prices will go up again, since they surely will. After the world is able to get past these rough times, then developing countries, along with America, due to their own seemingly insatiable thirst for petrol, will begin consuming the same massive amounts of crude as before, probably more.

 As I said last month, the steps Obama plans to take in order to lessen our dependence on foreign oil will thwart any future time where an oil supply shock will occur, increasing inflation, and moving us away from our potential GDP.