To add further perspective, in just our country energy use continues to skyrocket:
And with energy use skyrocketing in places like China, India and even Africa, the supply demand picture is looking grim:
Really, the question that needs asking is why is OPEC so coy with upping its output these days? What are they trying to hide? I'll stop there, too late to get into the whole 'peak oil' debate.
One thing is for sure.... enjoy the 'cheap' $3.50 a gallon gasoline while it lasts!