This post continues from previous post “Is oil price really sustainable below $30? (Part 1)”. I ended in that article stating to follow up with the discussion on the “Dos and Don’ts” during an Oil Crisis. DO know the broader impacts oil price have on us!  For the DOs, I think everyone of us does need to understand the impact of falling oil price has on the economy. It is not just the impact on people or beleaguered oil/offshore companies in the industry, or simply to only think about cheaper utility bill or petrol, but it is much more than that. It has to do with the positive and negative impacts on a broader spectrum affecting the global economy. The impacts of low oil price were mentioned in Part 1 of my article. DO keep more cash!  The next "Do" is for people related to the O&G ......