Suppy and demand
Chris,
Your articles are always an education in the details of the energy picture. Thank you.
There is a lot of denial out there about petroleum. Whenever I bring up supply and demand in a discussion it seems I always get negative votes. Too many people think there are large sources of supply that haven't been tapped yet. I even have people trying to bring up abiotic oil as if that could replace the supply as fast as we use it. But as you said in the end it always comes down to supply and demand.
One thing I find especially humorous is when politicians imply they can get gasoline prices back down to $2.50 or less per gallon. Someone needs to hit them over the head with a clue stick.