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Forget about running out of oil. A Deutsche Bank analyst wrote: "The world will never run out of oil."
You are probably wondering why the analyst was able to make this prediction. The foremost reason is that we are becoming more efficient. This should keep prices in check at about $65.00 per barrel, down from this year's $80.00 per barrel.
The next question is how do you know that the world is becoming more efficient. The Energy Information Administration uses a metric called: "energy intensity." Energy intensity measures the amount of oil used in relation to the size of the economy.
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