Larry Bellehumeur

Forget $100 a Barrel - Oil Will Plummet to $30

You're missing an important point.....if Oil were to drop that low, many of the projects that are going to fill in for the dropping capacity of fields like Cattarell and the North Sea come from sources that cost more to get the stuff out of the ground (like Off shore and Oil Sands). At that low of a price, these projects stop being financially feasible and will cease, dramatically reducing supply.

As for Oil being plentiful, you might be the only one with this opinion....