Yes, oil is going down and will stay in the 40's to low 50's until the end of 2017. The good thing about low oil prices is cheaper gasoline. That in itself lowers the cost of transportation and improves the US economy in general. If you are an oil industry employee, low oil prices is causing an uncomfortable adjustment at the moment. But in the big picture, the US economy will benefit from having a "fair and balanced" price to oil.