OPEC Still Sings Same Tune

“We’re playing with the future of our civilization,” said Caltech’s Goodstein. “We could soon find ourselves without oil or anything to substitute for oil.”

He says OPEC keeps going out of its way to create an illusion of excess capacity as a means of deterring investment in alternative energy sources.

“If they can keep people believing they can flood the market with cheap oil anytime they want, no one will pursue alternatives,” Goodstein said. “But it’s just a myth. Supplies are very tight.”
San Francisco Chronicle via SFGate.com