Slappi,Your chart was one of the few posts on this entire thread...

Slappi,
Your chart was one of the few posts on this entire thread that made sense.

$10 USD oil impossible with money supply growing at the rate it is.

Oil is NOT like every other commodity. It is the life blood of modern industrial society.

Like Oxygen to us. Think Oxygen is "just another commodity???"

Oil ISN'T renewable, and we're at or near or past peak production.

Soon there will be less oil available than demand. Then we'll really see who is right about $10 USD oil.

By the way Sabretooth, in the 73 oil shock in the US, petrol stations regularly DID run out of gas, and there was rationing, and alternate odd-even fill up days etc etc.

Read the additional info here;

http://www.worldenergyoutlook.org/docs/weo2008/fact_sheets_08.pdf