Didn’t Uncle Al (Greenspan) mention a reduction of 4-5 million bbls/day would cause prices to spike to $120?

If you believe these guys, production is falling and demand is may still be growing:
http://europe.theoildrum.com/node/2973#more

I agree with the above poster about shorting being risky. So many more things can go wrong than just going long.

What about going long assets that directly benefit from lower oil prices?