These analysts that still think oil is going to $200us are dreaming.The shift has already begun, and the Saudi's know it, that's why the price of oil has fallen and will continue to fall. The Saudi's did a similar thing back in the early 80's they dropped the price of oil because they saw alternative fuels for cars a threat and once again they are under threat. If the price of oil goes low enough the thinking is that alternatives to oil won't be competitive and that programs for alternative fuel cars will be shelved once more. With a US president that is pro-alternative fuel driven cars and with the US accounting for 25% of the world's oil consumption. If the US change their behavior in a major way, start buying hybrids and the like.Oil demand will continue to recede.
