The last time WTI was trading this low, I was a senior in college. This is going to do some major damage to folks in middle America if it keeps up.
Looks like when Goldman said the price war would put oil in the 20s, they were being optimistic.
A useful overview of the price war that is causing this to happen at a most inopportune time in the financial markets. This is what I get for sticking my hand in the commodities blender.