The Rising Influence of Rising Affluence

[jbog]

Oldberkeley,

I know the shared impression here is that Oil should be back to normal ($100) in no time and every investor will be happy but let's not forget what happened to nat gas over the last decade.

After nat gas traded in the $8 to $14 dollar range for many years when we all of a sudden hit some mother lodes in the production area. Nat Gas then fell to $2 and 5 years later has only crept up to the $3.50 range.

It didn't matter what it cost a supplier to produce, it simply became a supply demand situation. (and that's what a commodity should be). Will Oil follow the same blueprint?