Why has the oil price fallen so much?

What logical answer explains oil price falling almost 50% in just 2 weeks?Why has the oil price fallen so much?
Its the economy. Since we are all angry at gas prices and scared that the economy is crashing, people decided to make us feel better by making gas cheaper. But lo and behold, the economy is still crashing, regardless of what gas prices are. That should probably be your concern right now.Why has the oil price fallen so much?
i find it best not to question something like this, and just enjoy the cheaper oil =)
The demand has gone down, because of the economic global uncertainty.
Interesting yes the overall slow down but I think the response from US consumers has surprised the world in personal responsibility as well.
Because you (and the rest of the world) are buying less oil.
Recession, less demand for oil.
Probably because the world economy has slowed down a lot. The shipping index, which is an indicator of international trade, has recently fallen 90%.


http://www.nakedcapitalism.com/2008/10/b鈥?/a>
There was a fear that the demand for oil may decrease since many people would not be able to afford the high prices.