It's funny, this should be a topic that consumes us all. And yet we see observations on this thread that are so "short term" as to be almost incredible in their naivete. I am just as much to blame as to the state of the World that we are rapidly descending in to as many that read here. I drive a car, passenger (long distance) on aircraft probably 6 times a year, and for the past 40 odd years have earned my living from aviation. And yet I see short term statements like "$42 barrel in six months time" as if it's a joke. I guess that it will be an irony of the way things go, that many who can be so whimsical here will be amongst those most affected by the way things will go....including me!
It's got nothing to do with whether or not the Saudi's or OPEC or whoever raise/lower production etc to protect some silly mythical "Oil Price". It's the mere fact that we are hooked on a finite asset that is rapidly disappearing.
And before everyone jumps on me, I don't know the answer.