None of these type articles mention that we've had, within the last few yrs. greater imbalance in supply and demand with no corresponding collapse in prices, nor do they mention the dollar's part in this play.
It is true that the duration of over supply is longer so, a cumulative effect is stacking up but the degree of over supply is not, at this moment, greater than we had in 2012, or 2008.
And unfortunately, it is not exactly apples to apples but rooting through the archives, the Dec. 2010 STEO shows that pre bust, 2005 - 2008, OECD commercial oil stocks ranged between 50 and 55 days of supply, Yesterday, the EIA said, that US crude oil stocks were something under 28 days of supply and had around 27 days supply as recently as the spring of 2013. I think it was Flip, who brought an article showing that we used to carry a much higher rate of supply than now and it was considered normal.
No tin foil hat here but without a weighting of the dollar in this plunge and no explanation of why previous times of over supply, had not even a hint of this depth of collapse, my BS meter climbs.
I'll grant that the US production ramp is strong and I'll grant that there is oil that could come on line, if people decided to quit killing each other and some political deals were made but at the moment ...