Oil down today below $50, for the first time in more than three years.

It’s unreal, the precipitous fall - almost two-thirds since July, a mere four months ago. Has demand really fallen that much - or are we seeing an irrational fear, similar to the irrational “exuberance” which drove oil up to $147 per barrel?

Certainly not complaining/arguing because I heat my home with oil, and maybe you do too. Price per gallon is way down, then, this year - though I (and maybe you) are still on the hook for that “price protection program” business, taken out at a time when it looked like oil prices could keep going up. That’s $35 a month, in my case. Wonder how long it is ’til consumers start pushing the oil companies to drop the surcharge.