The Oil Drum

After reading several debates between Stuart and Halfin on the availability of supply and demand responses on many threads (eg. here) as regards future oil prices, I finally decided to take a look at the research about what is out going out there among the analysts who study these issues because I like to investigate things that I don't really know much about. I am not an economist--nor do I want to be one! But, if I can report stuff I learned along the way and share any insights I got about oil prices, that's all for the better. Caveat Emptor. If you economists on TOD out there believe I've made major errors in my analysis, you might let me know in a gentle kind of way. But I will point out that the various sources I cite have varying opinions although as I point out below, there seems to be a general new orthodoxy developing about the future of oil prices. I'll try to demonstrate that conclusion in this post.