Get Ready for Price Rationing, Oil Guru Says

The Globe and Mail – Henry Groppe has been tracking the ups and downs of oil through 60 years, 11 U.S. presidents and five full cycles in the commodity. So he knows what he’s talking about when he says that this time, it’s different.

“This is the most interesting time I’ve ever experienced,” he said.

The 80-year-old Texan, who has been an independent consultant on oil and gas markets for longer than most of his competitors have been alive, believes we have seen more than just an overheated oil market over the past couple of years. Rather, he argues it’s the beginning of a new era for oil — one of sustained high prices, limited supplies and tough consumer choices.
The Globe and Mail