Well, I threw out the $30 per barrel number as IMO only. LOL! So take that with a grain of salt.
Consider this though. Technology offering higher mileage cars that double 3 years ago mileage and will probably be better than that 5 - 10 years from now, yet the driving population won't double during that time.
It's going to get really ugly for the Middle East if they don't find another source of income. Imagine having oil that no one wants or needs. They would do well to look towards Dubai for an alternative means of revenue. Of course, that would mean they'd have to give up a lot of that Theocracy rule B.S. and start being nice to those who aren't Muslim. LOL! Interesting how money talks louder than Allah.
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