http://oilprice.com/Energy/Oil-Prices/How-Soon-Could-A-Sustained-Oi...

It is easier by far to continue to predict the status quo. I respect those who step out a little and go against the grain some.

The markets when studied in hindsight reveal easily predictable tendencies and I believe that too many are playing it safe with their predictions of low oil prices when there are many indicators that this cannot continue indefinitely.

Common sense must enter the picture sooner or later. Lower oil prices mean less investment in future production, which means less production, which means less supply even though usage will increase even under putrid global economic conditions.

All that adds up to increased prices for oil.

Think about the market just in the last few years. In 2007 the price went to $148 per barrel and everyone was predicting the end of oil. The insanely high cost of oil allowed the research and investment necessary to jump start the shale oil revolution. The shale oil revolution increased production and that in conjunction with a tanking global economy led to lower oil prices.

Now, with investment ground to a halt and the shale oil production following its inescapable decline it only stands to reason that one day the market will start to tip the other way, and I believe we are less than two years from that and maybe 6 months to a year.