Low prices way off in the future are measures of uncertainty.

When you can't predtict the price of oil from week to week, then how are you to predict the price five years from now?

Numbers mean nothing.

But basics do. How much oil is out there? How much do we need? How much will we get?

Not enough. Too much. Not enough.

I did inhale.

When you can't predict the price of oil from week to week, then how are you to predict the price five years from now?

Actually, it's often easier to predict long term trends than to nail short-term fluctuations.

Price means a lot. It will determine your life more than anything else.

How much we need is actually very subjective.