Oil going lower is very dangerous.

http://www.247wallst.com/2008/12/an-irony-in-low.html

Oil going lower is very dangerous. It will destabilize the mid-east, Latin America and most troubling Russia which is already in free fall. Also it is looking to be very bleak for all agriculture as much of it was sold with corn and grains at double or triple the current price and we could see major defaults and BK if the contracts are not fulfilled at the bubbled prices. With ethanol now dead corn is in free fall. But most of the crops where sold (But not paid for) at much higher prices. So the choices will be to defualt on all these contracts (bad for farmers and bad for us cause it disrupt the food supply) or the middle men pay the rates and default. Once again the food supply is disrupted. Bad times ahead.