** the oil shock of 2006, page-8

re: ** the oil shock of 2006 ** Oil price is ALSO a function of refinery capacity.

If you can't refine the stuff then there is MORE DEMAND for what can be refined.

Just remember the lesson from around 1980. Everyone believed "The world is running out of oil. The era of cheap oil is over."

If we had an internet forum then and someone posted that oil would be $10 in 20 years time they would have been laughed off the forum. But they were right.

lol
rofl