Half Empty

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

Can we have some consistency here? In your "new oil is plentiful" article you refer to all the new oil that is supposedly economic to extract from ocean deeps, polar wastes, etc, because of high oil prices. Now you say that the market's knowledge of the existence of that oil will help drive the price down to $30. So it won't be extracted. And presumably, the price of oil will then rise again on the resulting scarcity.