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Originally Posted by Robin
Try continuing the curve yourself...
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You are talking about almost 8 times the current price within 10 years - do you think there will even be a place to trade, if that happens? Sounds more like Madmax ;-)))
Again, ofcourse the oil demand will be higher, and ofcourse the saudis and oil companies do not want to increase their production or refining capabilities to a point where it will seriously hurt the price (no reason to kill the golden goose), however they must still keep the ecnonmy going, because without a working world ecnonmy oil demand will halt.
So for your $500/barrel might work on a chart, but oil/energy as you said is like no other product out there... wars have been started for less ;-))