The demand for oil is outstripping supply

We all know that the price of oil has been increasing steadily since 2002. In fact, experts such as the RAND Corporation are predicting that due to the increased demand in China and India, oil prices will likely never go below $40/barrel again.

 

"The Chinese are on an aggressive quest to increase their supply of oil all around the world"

-James Lilley
Former Ambasssador to Beijing