This will really annoy the peak oil believers. Current prices for oil are not going to be permanent. There are several analyses out there but this one from Boeing is picking that the current bubble will burst and that the long term trend is for prices of the order of US$70-$80 (not today's $130 plus).
Should the bubble burst sometime soon, we will, of course, need to recalculate our Kyoto liability upwards...
This article is from Stuff...
