Tesa

The Good, The Bad, And the Inaccurate Oil Forecasts

It is now known what the long term prospects are, just watch.
therealnews.com/t/inde...

The crash was in fact due to privious too low prices because the growth was not sustainable. If the price of oil goes even lower, the prospects for future prices are even higher than the last peak as expensive to run facilities and wells will shut down as they will lose money to keep them going but the demand would be higher as more countries use more power due to the expected growth.

Its your choice, if you don't pay now, then you will pay later and the peak will be even higher next time and the pain would be even worse next time around. The price of oil "has" to be high enough for alternative energy to develop. There is no free production of cheap energy because you don't want to pay for it.

So remember, the lower it goes, the higher the expected peak next time will be.