I wonder if anyone in the Trump administration thought about this and tried to bring it up with him, or if this is something everyone was ignorant to. I'll admit I didn't think about it, but in my defense it's also not my job to think about things like that.
I'm hardly an oil annalist for the Wall Street Journal, but I never thought we'd see oil prices like this again. I seem to remember a price war at local gas stations somewhere in Eastern Montana, where I bought gas at 10 cents a gallon one time, and that was at a time when the average price was 30 cents a gallon. There was also a nearby refinery so transportation and delivery were like zero.
But it is simple supply and demand, except when it's not, I suppose. The stay at home, at least just a little more than usual, is not that hard to do. The hard thing is the economic toll. Most of us are still living off our last paycheck. Government assistance will take us through one more month, and then the crunch will become a scary prospect. I'd hate to be a restaurant owner, a barber, or a florist. Being out of work is one thing, but losing a small business seems like a more formidable recovery. Still, I'd like to see the shut down last a while longer.
