When looking into America’s economic future, a fast-growing world population expected to increase by 50% will likely generate a crude oil demand from 90 million bpd to at least 130 million bpd by 2030.
The speed and the intensity with which the price of global crude oil dropped from $100 a barrel at mid-year 2014 to the low $40s by the end of January 2015 is still befuddling.