Some analysts are predicting long term prices in the mid $30’s per barrel to the next decade. As you read all these words you’ll learn that this is merely naive wishful thinking and that oil prices are only going to get worse….

The long term trend for oil prices is up… forever.

There hasn’t been a major oil discovery for half a century. World oil reserves have already reached their peak and on a purely supply and demand basis the only way oil prices per barrel can go is up.

Yes. Its simple economics.

On a regional basis when oil reserves were used up by half in every case the cost of oil increased. Thats one of the reasons for the oil crisis in the seventies when US oil reserves were used up by more than half.

US Dollar sux right now too. Its only going to go down in value more as you US debt levels continually break new records.

Plus as places like China, India start becoming major players world oil demand is only going to increase by more.

Thats why guys like Jim Rogers have been saying buy oil - and commodities.

Here’s what Mark Hertsgaard had to say: Crude Awakening