From
MSNBC
Report: Oil’s role in world energy supply to fall
Updated: 11:47 a.m. ET June 20, 2006
"WASHINGTON - Oil’s share of world energy demand will decline over the next quarter century, the Energy Department said Tuesday, as high prices spur greater use of alternatives such as coal, natural gas and renewable fuels.
“High prices do matter,” said Guy Caruso, administrator of the Energy Information Administration, a division of the Energy Department that released its annual international energy outlook.
In December, the EIA predicted worldwide oil prices would average
$57 a barrel in 2030, a 35 percent increase from the long-term forecast it had made just a year earlier."
>>>> $57 per barrel is a long gone history unless there is a sharp demand destruction (Sorry if it's a repost)