Perfect Oil Storm Brewing in the U.S. [View article]
If anybody is looking to make up their mind about the supply side of this question, take the time to actually read "Twilight in the Desert". I believe you will be convinced that surplus production from the mideast is a myth. And if so, where will the replacement oil come from? The Brazilian finds are giants, but not super-giants. One more tidbit I picked up from the book: whenever you see oil being pumped out of the ground (as opposed to naturally flowing), that oil field is almost exhausted.
Perfect Oil Storm Brewing in the U.S. [View article]