Far spreadsheet 500mb table interim DEC 2015 update, page-51

Warren Buffet got rich by making simple observations.
He would go to the mall to watch what people bought.
Coke Cola, Dairy Queen, Gillette razor blades to name but a few.
I apply the same logic to oil.
I think this glut will turn into a severe shortage in the blink of an eye.
I agree with Crawfert, look at China & India alone.
Then look at the rest of the world.
Oil is the most valuable and important commodity on the planet aside from water.
We consume oil in enormous quantities and i think we will look back at this time and think wow!