I could say the same about the milk industry. Just think how many businesses support milk? You don't hear of people saying the end of the world is near, based on milk prices.
I'm not trying to start an argument or anything just noting my observations. I am pretty familiar with how the oil industry works. I have been on the construction end of it and have felt the pains of low prices. I get frustrated of the layoffs, but I also understand that we choose to get into the industry and hence choose to accept what comes of it.