What no one is talking aboutThe simple fact that we are dealing with a FINITE resource, which is now past its peak. Finite resources can be measured using a bell curve, and experts since 2004 have postulated that between 2015 and 2020 we will be past peak oil (on the bell curve). If you understand bell curves you will understand the steepness of both ascending and descending curves of the unit (resource) in question. The Middle East producers know the volume of their reserves remaining and this is why they have attempted to regain market share for the past couple of years. Simply put, they lowered the price in order to be able to capitalize on the reversal. I predict that at some point in the next couple of years the Saudi's will publicly state that their reserves are much less than everyone has estimated. This will cause a rapid rise in the price of oil to levels exceeding any previous high. Given this, the smart money is entering the market now.