It is not a difficult issue if one can recognize history repeating itself:
"It may take that long for the Arabs to effectively squelch our domestic exploration and development."
After that, One thing that will boost oil prices is if OPEC convinces other countries to reduce production.
Then, they will be back to newer gold-plated Bentleys and junkyards full of late model MB's, Lambo's etc.
I disagree much.
The new “best customer” of Arab oil is China.
That fun country with mafia business practices and 1.5 billion expendable people to enforce them.
Won’t be much fun for the towel heads the next 10-15 yrs in my view.