So far, oil agrees me since it's price has gone up.
But then again, oil is pretty dumb. If there is too much oil, it's price will decrease. And if there is not enough oil, it's price will increase.
OK, lets try to have an intelligent discussion here. I posted a quote which included specific figures from the Economist magazine. To have a discussion you should try to present some figures that support you, not just say "based on what I've read...". That's really lame.
Lets also talk about "oil agreeing with you". Stay with me now. The price of oil can go up because of real demand (like China and India's economies reving up and needing more energy) It can also go up because people with money bet that the prices are going up (thinking that there is danger to the supply) and sometimes they even put out analysis saying the price is going to shoot for the roof. The latter is called speculation, and that is also boosting the price of oil.
"If there is too much oil, it's price will decrease. And if there is not enough oil, it's price will increase." -- You got that part right!