- Crude oil prices collapsed to $26 a barrel on Thursday
- Eric Smith: $30 crude oil is unsustainable in the long term
Eric Smith is a Professor of Practice at the A.B. Freeman School of Business at Tulane University and associate director of the university's Tulane Energy Institute. He has consulted for NGOs and energy companies. The views expressed are his own.
(CNN)Tumbling crude oil prices are creating alarm as they press down on the world's economic throat. But what can be done? And shouldn't we all be welcoming lower oil prices anyway?