The fall in energy and commodities is in large part the result of China's shift from export driven economy to one centered on developing internal demand and growth of services. Also, during the financial crisis China stimulated their economy thru infrastructure projects and their infamous Ghost Cities. The response to this drop in demand by commodity and energy companies is to increase production at lower prices in order to pay the bills. In the end this strategy will drive out high cost producers. The question that remains when does the downturn end.