Dan Dicker, energy contributor at TheStreet.com, talks with Jim Cramer about still collapsing oil prices. Dicker believes that predicting a number where oil prices stop going down is less important than understanding what will likely happen with oil prices after they bottom. Dicker believes that oil prices are destined to remain low, as several of the constructive devices that existed when oil collapsed last in 2008 are no longer available today. Much of the room for lowering interest rates is gone, as is the likelihood that the U.S. dollar is going to weaken any time soon. Dicker also mentions the end of commodity trading and marketing by the investment banks, who were in the business of ‘selling’ the oil trade to commercial and retail customers. That source of buying in the oil market is also gone.
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