OPEC regulation will not allow POO to "Collapse".China's demand...

OPEC regulation will not allow POO to "Collapse".

China's demand stilll huge and India only going to get stronger and stranger as more and more Western industry set up shop , increase demand for industry and push up standards of living etc.

Oil is and will remain paramount for industry for a long time yet. The more alternatives take off, like Nuclear power, the potential is there for them to be get more and more expensive themselves. E.G. Uranium spot prices only going to higher the more reactors come on line.

Do you really think that the closer we get to peak output we will ever see POO anything like $10 ever again. The traditional cycle of fluctuating Oil prices will in the future see higher highs and higher lows.

IMHO.