Dutch analysts predict oil supply constrained world

Walau, do you know what does the following article mean to the world OILY economy? especially to countries that are high dependent on imported oil ? BAD BAD BAD VERY BAD lAH. It's not to difficult to predict that oil price will hit a level that's previously unthinkable even though our beloved government has just considered about a possible price drop. You know, of the price reaches 500USD/barrel, transporting food from farmland in KEDAH to the food store in KL would be a "great financial challenge" for the truck company. Forget about HONDA ISDI or VTECH or NGV. Get yourself a BMX & learn some horse riding skill. Muahaha. The next critical thing to do is to learn how to plant food and rear livestock yourself. I have started planting some vegetables on my balcony. I'm going to scale up my plantation project once i find a way to grow my vegetables at optimized speed.

Dutch Analysis on future oil world ( PDF )

This outlook of new scarcity is now exacerbated by the fact that not only available supply will determine what amount of demand can be satisfied; it will also bring about a new allocation of the available oil due to a lack of adequate supply growth compared with demand. In practice this means that demand rationing will be required in the OECD countries and particularly in the US, in order to accommodate growth in the newly developing countries, notably China and India. Different fuel prices for end-consumers in the different countries will be the dominant factor behind this ‘oil redistribution’.

Reference : http://www.theoildrum.com/