The price of oil has dropped so low its unthinkable just a few months back. The only problem is, why is the price of petrol being sold at the petrol stations not corresponding to the oil market price. They should be selling it at a much lower price than presently. Lower price of oil brings benefit to most people but oil companies are feeling the pinch. Oil explorations at some places has to stop as the potential profit turn the other way, potential loss. Countries that has been depending on oil for their income must also be feeling the pinch. Expected revenues has suddenly becomes smaller than budgeted. Don't know how long this will go on.
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