Frack China
China is now scrambling to duplicate the success of the US with fracking. If they can pull it off the global price of natural gas will crash and it will drag the global oil price down with it. You're not going to see a BTU of oil trade at 5X the price of a BTU of gas on an international basis, the global economy has too much gas-for-oil switching capacity for this to happen. Besides, China shale is probably wet enough to be a significant oil supply in it's own right.
I look for China to become an emerging energy super-power in 2020, and the US to become extracting it's vast coal-gasification options around that time. Peak oil is dead for a quarter century at least, I doubt your young enough to see it come back Chris. Your seriously kidding yourself if you think it will rebound in 2 years.
Of course the wild card is Middle Eastern shale. No-one's even tried to look at what can be fracked there. Did you notice that the birth of oil (Pennsylvania) is now a hot-bed of fracking? Hmm..... A quarter century might be too quick, peak oil might be dead for the next 100 years.
