Don't look now, China just had their second month of being a net EXPORTER of oil. India should be the next to see demand collapse.
With the global recession rapidly approaching, my prediction of $2 a gallon gas within two years (I think I've got ten months left) looks more and more feasible.
The next year will be rough from an economic standpoint, but collapsing commodity and energy prices will help soften the blow.....
Meanwhile, SUVs are still selling for fire sale prices.... In a few months it won't be as expensive to fill them up either.....