Oil reserves around the world are declining at a fairly steady rate.
At present rate of consumption and production, we won't have any oil
in 20 years at any price. So I know it must be higher in order to
bring out more supplies of energy and to reduce consumption of energy.
What is that price? I don't know, but it's a substantially higher than
where it is now.

Now that doesn't mean that oil can't go down by 50 percent next year.
If suddenly the U.K. goes bankrupt, oil will go down by 50 percent
next year, but if America bombs Iran, oil will go up by 100 percent
next year. So it depends, but over the next decade, the surprise is
going to be how high the price of oil stays and how high it goes.

Cheers,
Josh Fuller
www.billionairebythirty.com