What does everyone think is driving oil down?


I’m in the camp of deflation being a larger risk than deflation right now so you could say I’m in the smaller crowd of current forum crawlers. I am still not sure what’s driving oil down. I know there’s been some decline in demand in Europe, but we don’t have access to Russian oil unless it’s getting to us through India or some other intermediary. A friend has stated the US has more sour than sweet light crude. What is your guys take on the fall in oil? Is there speculation that demand is about to fall off a cliff?


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