At this time it seems like the credit crisis is much more important than the energy crisis in America. But with the economy slowly turning around, energy consumption will increase and oil prices will once again begin a steep climb as more and more people will be driving and using electricity at home as things improve.
In fact, the annual World Energy Outlook predicts that by 2030 oil prices will stabilize at around $125 a barrel. Part of the reason for the increase will also be because of rising costs for equipment that the oil producers will face.
Even though the top oil companies are still extremely profitable, it is becoming clear that their control over energy …
