China and India, are going to keep on demanding oilLet's keep it simple, check Canada and US daily oil demand and check China and US oil demand. Why do people think they will not increase over time is beyond crazy, those countries are developing rapidly after years of stagnation. Take China for instance the fastest growing economy in history.
A country viewed as a communist one outpaced capitalism economy. Stop listening to the news do you DD.
Some people for example say Eric Nuttall called for 100 oil is way off, but think about it he called it effort the US dumped 300M barrels from SPR and other nations with SPR added to world supply as well. All of this happened and worldwide and US commerical inventories are below their 5 years average. Now supposed those SPR release did not occur where would oil price be today ?