Oil: How Low Can It Go? (at Forbes.com)

With oil demand expected to soften, stocks in the sector took a hit on Friday. Investors should stay on the sidelines as the panic in the stock market continues. On Friday, the Paris-based International Energy Agency slashed its global oil demand forecasts for 2008 by 240,000 barrels per day, to 86.5 million barrels, and said demand would weaken further in 2009 by 440,000 barrels per day, to 87.2 million barrels. (See " Commodities Get Crushed.")... [read full story]