Oil production will peak this year, that means the world can no longer increase consumption which China and India are currently doing. Something has to give in a free market which usually means higher prices hence oil at $70 a barrel which will rise to $100 in the coming years.
The U.S has for too long consumed more than its fair share of the precious black gold found deep under ground, to power its gas guzzling motor cars. What a waste of a precious natural resource this has been for the human race and the planet.
Future generations will look back at the greed the U.S politics have had when squandering a natural asset that cannot be replaced and the conflict and wars that have been created in the past and the future just to power there waste full life styles.
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