We have a very insightful report from Sprott Asset Management on the Oil Supply and Demand picture and the pricing outlook. There is NO cheap Oil left any more and the competition for the declining supply is rising by the day.
Now we can get another clue why Lithium is at the heart of the race for the security of supply of strategic commodities for the next industrial revolution based on Electric cars.
http://sufiy.blogspot.com/2011/10/sprott-oil-or-not-here-they-come-major.html#