[KongoSan]

It is simply supply and demand, we are past peak oil production and nowhere near peak oil demand. China and India (+others) are expanding rapidly sp demand continues to rise.

Problems in ME and Nigeria are slowing production in the short term, long term the world is running out of oil. As the price of oil increases, other forms of fuel become economic (Bio Fuel) which uses large tracts of farmland. The demand on farmland for fuel cause less to be used for food and so food supply goes down and the price goes up causing widespread starvation.

We are living in the last years of the carbon golden age, I intend to have fun while I can.