RE:We Think We Are So Smartthis has nothing to do with the yield curve, this is all about the light oil differential blowing out to $27....it's like WTI being $50. it's temporary as there is ~ 1 million BOPD of demand offline due to refinery maintenance but it's still unusually high (by a large margin). it doesn't help that the equity markets in general have been selling off, but IMO that isn't the primary driver. short volume dataset is out tomorrow, so we'll see if the shorts have been using the extremely negative sentiment to push the price down further.