$30 something Oil per barrel is coming

Right now the price per barrel is around $42 and 43 per barrel. But, it is common knowledge now that the price is going further down not up. There is too much of an oil glut now for it to be able to go up right now. However, it is important to prepare for problems at some point when the glut goes away and so many drillers and Shale oil gatherers have gone out of business that they can't just start up another business that easily because their capital is gone to restart by then. So, however, you want to look at this the other end of this might be really devastating for the world sometime in the next 1 to 5 years when there isn't enough oil because companies that have gone out of business by then cannot recapitalize that fast worldwide. So, we could easily see prices at 100 to 300 dollars per barrel whenever this happens.

And then the world would be devastated by these high prices. And this by itself could generate a world wide Great Depression if we haven't gone there before then.

I'm not trying to be depressing here. It's all sort of like a pendulum. When a pendulum swings one way it has to next (at some point) swing the other way. And so the longer it takes to swing and the higher it swings the longer it is going to take coming back from on the other side.

This is just pure logic folks. This isn't rocket science. So, prices of gas and diesel might be nice now but prices between 20 and 40 dollars a barrel can't last forever. Then they will likely jump very high for a while too and then we might be paying (even in the U.S.) 10 to 20 dollars a Gallon for gas for a short while (1 to 2 years or more) before enough drillers and shale oil gatherers become refinanced and back in business once again.

So, people who can afford to hold onto their oil in tanks above or below ground, might make a lot of money if they can afford to hold onto it rather than sell it right now. By waiting for a better price (if you could afford to do this) might help others in your country and keep prices a little lower when everything changes now. So, now might be a time for countries to buy oil and to store it (for a rainy day) to keep their countries from being destroyed by the higher prices when they come (and they will).