Oil futures drop under $100 a barrel

Let's see what effect this will have on demand and the speculators who are still long oil futures.
If oil would drop to $70 a barrel ... that would be by far the greatest investment opportunity of our lifetime. The oil supplies are depleting fast and the demand in China and India (even in economic collapse of the US) will explode exponentially in the near future. Only 4 million cars in China at this time. The era of cheap oil is over, we will never go back to 20-30 dollar oil. Why would someone want to pay 5 dollars for a "cafe latte" in Starbucks if that same cup of oil costs 30 cents and can drive 6 passengers 2 miles down the road. It is easy to cut back on that cafe latte...

The UK will be importing oil in 2010 for the first time EVER!

Crude awakenings (saw it last week)


Peak Oil (it is not a theory anymore, it's a fact)