Mark Gongloff, Columnist

Oil Is the Wedge That Could Knock Over the World

What’s happening to oil now will affect us for decades.

The silence of the oil wells.

Photographer: David McNew/Getty Images North America
Lock
This article is for subscribers only.

This is Bloomberg Opinion Today, a failing petro-state of Bloomberg Opinion’s opinions. Sign up here.

It’s pretty tough for the average humanoid to get too worked up about oil prices collapsing. Oh no, gas will be cheap, and oil companies and brutal dictatorships will go broke? How do we stop it, asked no one ever.