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The age of cheap oil, $30/barrel and under for significant lengths of time, is already over. There are too many demands on what's left of the easily-gettable oil.
The age of moderately more expensive oil, $50 to $100/barrel+ with occasional spikes, is with us and will be here for a while, could be 10 years, could be a generation.
My $0.02.
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"I do not agree that the dog in a manger has the final right to the manger even though he may have lain there for a very long time. I do not admit that right. I do not admit for instance, that a great wrong has been done to the Red Indians of America or the black people of Australia. I do not admit that a wrong has been done to these people by the fact that a stronger race, a higher-grade race, a more worldly wise race to put it that way, has come in and taken their place." - Winston Churchill, 1937 --{ORLY?}--
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