There are actually people who think it's a bad thing if oil prices drop, and this includes people in the American foreign policy establishment. They worry that low prices will "destabilize" (they use that word a lot) geopolitical structures and force the long-time status quo into question.
They're half right. Low oil prices can do all of this. But where they're wrong is in thinking it's a bad thing.
Since taking office, one of President Trump's most important policy decisions has been to take the shackles off U.S. domestic energy production, which we've told you before has had the effect of strengthening the U.S. position in global energy markets while lowering prices worldwide. Now we're seeing another impact of this policy. Many of the bad actors of the world, who depended on artificially high oil prices to fund their regimes, are in a world of hurt: