The HSBC  bank just put out a report that peak oil  is over and the world output will decrease by 5-7 percent every year (that's a decrease of about 5 million barrels a day with world wide output of 83 mil a day)...no one country can make up this short fall not even Saudi Arabia ...actually HSBC predicts 75 dollar oil in 2018 and by 2040 the world will be 46 million barrels short of the 83 million daily it needs! (oil growth demand over the years excluded...NO electric cars won't offset world demand...vehicle fuel is 40% of oil use)...meaning our oil patch guys are crying away for tax breaks (tongue in cheek) but not letting on the true facts.