The speed and the intensity with which the price of global crude oil dropped from $100 a barrel at mid-year 2014 to the low $40s by the end of January 2015 is still befuddling.
What has made the current oil status quo so dangerous is that Saudi Arabia, Russia, Iran and Venezuela have built their economic budgets on $100-per-barrel oil pricing.
As the pundits, analysts, financial experts and self-styled business meteorologists gaze into their 2015 economic crystal balls, all seem to realize the 50% drop in oil prices has opened the door to dire consequences, whose fate has yet to be determined.