Well, first off, I'd say 8 points after 17 games is a huge gap. Extrapolate it over a season, and the Oilers miss the playoffs by 40 points.
Also, this is not our first 17 Eakins-less games. Todd Nelson coached more than half the season last year.
It's all bad. No sugar-coating this.
They are not nearly as bad as their record indicates. They have been unlucky to lose some of their games and you can see that they are the team that is generating the bulk of the good scoring chances when the games are close. That's against good teams and bad teams. They aren't playing down to the level of the bad teams or getting shellacked by the good teams.
It takes time for a young team like this to realize that all they have to do is their own job and the w's will come, but they have a good coach and a lot of smart players, good leadership.
If the team stays healthy for a while after McD gets back they will be crazy. I could see them playing at .750 for an extended stretch.
A playoff spot is hard to bet on right now but I am sure that they will get right back into the race.