'cheap energy era is over' http://www.bloomberg.com/avp/avp.ht...//media2.bloomberg.com/cache/vkhz3WpjIZA4.asf
true. but unless we are into a new era in history where human civilization is in permanent decline demand will continue to grow in the long-run
http://biz.yahoo.com/ap/081112/eu_w...gy_outlook.html Key point from this article: "Fatih Birol, the IEA's chief economist, warned that even if growth in oil demand remained static in the years to 2030, production would need to increase by 45 million barrels per day, "which means bringing four new Saudi Arabia's on stream."