[Prodn2000]

That is making a flawed assumption, I believe. There is a very high supply of crude right now. There is moderate demand. If oil is $60 in this market, then I would venture to say that in 10 years with higher demand and less supply that it would be worth more than $60 in inflation adjusted dollars.

[JasonC]

You still don't get it. Capital has time value. In 10 years, it has to be worth twice what it brings today just to break even. Because having the value now, furthers all sorts of real investments and projects, every one of which adds value continually.