From Keithley Consulting, LLC's Focus on Oil Markets: No offense, but what Charles Wohlforth understands about oil markets wouldn't even half-fill a thimble. He gets it wrong from the very first sentence -- "The oil industry is settling in for energy prices to stay around their current level for a long time." -- and goes downhill from there. ‪#‎First‬, oil prices are firming in response to both current conditions and in anticipation of a coming, significant supply shortfall. Most analysts that spend a lot of time at this stuff -- and have the resources to see the full supply, demand and cost of supply picture -- now see oil back at $80 by the end of the decade. Norwegian consulting firm Rystad Energy -- one of the best of the private firms -- sees it back at that level by 2018 and continuing to grow after.