No, it's not what "everybody" wanted. Nor is the drop in crude oil prices the direct result of US oil exploration. (It may be an INdirect result, if you assume the Saudis are dumping oil on the market just to make US domestic oil uncompetitive.)
There are winners and losers anytime commodity prices move. What do you think about cheap grain prices? When oil drops much below $90 a barrel, there are plenty of consequences for both the US and world economies. I like cheap gas as much as the next guy, but there is no free lunch.
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Today's Featured Article - Step by Step 12-Volt Conversion - by Bob Melville. Below are step by step instructions to convert a 6 volt Farmall M or Super M with battery (not magneto) ignition to a 12 volt alternator electrical system.
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