[gundog]

Increased oil prices will simply mean that the world’s economy is improving.

If price were driven only by demand, that would be true. Price increases due to cuts in supply are more problematic, particularly in a down economy.

[trumandogz]

Cuts in the supply are typically of a very short duration, while increase in demand is long term.

And with the predicted increase in demand and increase in the price of oil, we have seen the number or drilling rigs greatly increase over the last year.