"Oil could be next" and death rays from Mars could come down tomorrow and kill us. But it probably won't happen. The geopolitical consequences of low oil prices would unhindge the middle east where regimes need oil above $80 to sustain subsidies to the masses. $80 oil would trigger OPEC production cuts. Besides, hundreds of millions of people are buying oil/gasoline/deisel/ kerosene for the first time in their lives every year. NOV here is a gift.
You may see a spike lower in crude, but it'll never stay there for a long period of time....like say US Nat Gas. Oil can and is exported. US Nat Gas is difficult to export, not to mention getting Obama's permission.