And this morning we have the largest drop seen in a long time. This is looking as if the more the commentators mention we are at the bottom, the more the decline seems to accelerate.

Are we at that point now where none of the major producers are making money? I think so. Among other things, this means that layoffs will accelerate, which will very seriously complicate supply issues when demand turns up.

Who can benefit? Small companies nibble enough to move quickly now into modest-sized, low cost production opportunities.

...just thinking out loud.