T. Boone Pickens (BP Capital) has been talking about a permamently high plateau for oil, stating we will never see $32 oil again.
This is an issue that is likely not to go away anytime soon.
UPDATE: September 29, 2004 10:54pm
Whoops! Better add Slate to the mix . . .
Oil, the Next Stop and Its Impact
WSJ, September 29, 2004 2:40 p.m
Oil Hits $50 on Heavy Demand
Market Watch Today
Barron’s, WEDNESDAY, SEPTEMBER 29, 2004 2:03 p.m. EDT
Don’t blame Osama for high gas prices.
Slate, Wednesday, Sept. 29, 2004, at 3:40 PM PT