These high oil prices IMO aren't a "bubble" by any definition. They are a sustained runup based on lack of supply. That supply will NEVER increase to any meaningful degree. Quite the opposite - a long, steady decline is inevitable. The only question is whether or not we can develop alternative fuels at sufficient volume to help us survive. It's already a given that there will be a HUGE gobal dieoff at some point in the relatively near future, once the energy supply hits some as-yet-unknown tipping point. We'll only be able to see "it" after-the-fact. Well after the fact.

The wars will start, and BILLIONS will die. Only once the world population is in balance with world energy supply will things stabilize. All our preps, folks, are just to try and wide the initial shockwave. Because it is nearly IMPOSSIBLE to live a self-sufficient lifestyle for a long period. Yes, it CAN be done. But only by VERY few, and most of you/us who THINK you're one of that few... You're NOT...

-Dennis Olson