Wanelad1,
My point being that for China to go from 2% to 4% is doubling oil consumption and so on. I think that over the next 5 years, this is realistic and you are going to see the world's oil and gas consumption return quicker than people think.
Having seen that article in The Age, I feel a lot better about why today's price fell, an uninformed journalist is all it was. Time to top up.