Who control the debts?
Now the US dollar is stronger again! Why?
Why is US dollar stronger again? Oil price drops, etc? Is AU dollar stronger too by that? Oil importing countries benefit, but for how long? What will exporting countries do? Nothing? Lower oil price is necessary, at least for a while, to rebuild some countries(?). Can Australia make the best of it, as a country with gas and coal reserves? Electricity price should go down too to make all benefit from this situation (?). As oil price lowers, other energy sources should have prices lower, to lower commodities prices too in general.
But production of oil can't be more expensive than oil price itself anyway.
If American oil production survive, US can become more independent from oil import. But their production cost is big and not competitive.
Soon oil price will hike again with vengeance(?) Importing countries can be hit hard as the price hikes suddenly or gradually? The surviving exporters will recover fast? Oil production will certainly decrease either by exporting countries producing less or by removing smaller producers. Those didn't survive would have to restart but would have no market for them. If they force enter into the market, oil price would fall again and they might lose again.
But how much oil does global economy need? To monopolize oil market, major producers can keep oil price at the level smaller producers can't produce, but they can increase oil price when there is no competitors left to make bit profit.
Will global economy become chaotic and unpredictable? Or will be predictable with oil price changes?
But how much oil is still available in the earth?