On the bull side, we have all the old arguments – peak oil, rising consumption, decline of new major discoveries, conspiracy theories about oil reserve figures from the Middle East, etc. But the one big consideration which is rarely talked about is the crisis in human capital which could rock the industry within the next decade.

IMHO PEAK Oil has yet to be taken seriously,this was an interesting article but just too many inaccuracys,the agency that speaks the loudest calls it a 10% drop in DEMAND,yet we have USA producing more Oil than ever,the USA is also buying all that Canada can sell.

I dont think that investing in Oil is risky given a double in price of bbl going forward short term,you have to wonder why Tankers are being used for storage,to me this along with production cuts is countering lack of DEMAND with a SUPPLY hold backs,BUT the most technical issue is PEAK Oil the lack of which will have sewrious impact on the future,the above paragraph is very misleading World wide DEMAND is increasing and SUPPLY is dring up or is more costly to replenish.

IMHO now is the time to invest in Oil and Ng with alternative stocks as a backup ,for me its a sure thing short term and lon???