[thackney]

Steve Forbes also knows more than you or I.

Yes, but there are many other financial analysts that do not agree with Forbes. The market has been driven up by demand. The investment in production (although strong now) takes more time than a year to greatly decrease price.

[dgallo51]

How much demand for oil will there be IF the U.S. consumer slams their wallets in reaction for energy shock? China's social stability is on the razor's edge as it is…if there's a major worldwide recession, the CCP could be experiencing New Orleans style chaos X a billion…if prices choke off demand in the U.S., the entire global community will contract and oil prices will plummet…but even if oil drops like a levee sandbag, that still will not address our lack of refining capacity. Uncertainty over oil prices will keep investments in infrastructure in abeyance until the crystal ball clears.