http://money.cnn.com/2008/07/15/markets/oil/index.htm?cnn=yes
Oil prices plummeted Tuesday, down as much as $9.26 a barrel, as investors feared that the nation’s financial woes could cut into demand.
AKA, this is just more stupidity in the investment circles. Expect oil to go right back up again, and continue these wild rides between $130 and $150 until Congress does something to force oil back toward supply and demand pricing.