Oil prices were weak in the 1990's. We considered that a good thing. And what happened. Debt creation soared on the back of low energy and low interest rates as the economy roared.
Now we have a huge supply of Nat gas coming in to the economy. So far for electricity and home heating. Soon for transportation.
Don't look to the price of oil to be an accurate indicator of the strength of the economy. It is being replaced by NG, which is plentiful....
And that's the truth.