From the article:
Q: What is moving prices? Is this a supply or a demand story? …….
A: It is both. We have an oversupply. ……. So, there’s oversupply in the market. But also demand is weak. ……..There’s less demand, and there’s oversupply. And both are recipes for a crash in oil. And that’s what happened. It’s a no-brainer.
Hopefully, this will help spur the rest of America’s economy, and lift us out of the Great Depression II.