If we can use less faster than they can pump less...

Bloomberg has the story of the race to the bottom:

Crude oil tumbled to a sixteen-month low as OPEC's decision to slash production by 1.5 million barrels a day failed to ease concern that the global economic slump is curbing fuel demand.
"At this stage it looks like we are at the edge of a bottomless pit and prices are heading quickly toward $50,'' said Nauman Barakat, senior vice president of global energy futures at Macquarie Futures USA Inc. in New York. ``OPEC really needed to take the bull by the horns and make a bigger cut.'' The thirteen members of the Organization of Petroleum Exporting Countries agreed to lower supply starting in November, oil ministers said today at a meeting in Vienna. Prices have dropped 56 percent from the record $147.27 a barrel reached on 11 July as stock markets declined.

Rico says between the price of oil and the stock market, it's gonna be a hell of a winter...