Worried about the price of oil going to the moon — or the world running out of oil? No need to be: at around $100 a barrel the price of oil will plateau for decades.
Ever since 1973 when OPEC first jacked up the oil price, the world has lurched from one oil crisis to another.
Now, with oil at $66 a barrel, it’s starting to look as if many of the Doomsayers’ predictions that we’re going to run out of oil might be about to come true.
On the contrary, the world will never run out of oil. And some time in the -----------------