Matt does have a point.Just look how technology advanced in World War 2.If oil becomes too expensive,those that develop new forms of energy will prosper.

stephen hulton, eure, france

The oil prices increases are creating a financial crisis. It will leave governments with no other option than to fast track the new technologies as "Matt from Los Vegas" has indicated do exist. Money at the end of the day is the factor that will drive the change to renewable energy.

Jim Wills, Brisbane, Australia

A lot of the "oil" problems would simply go away if most countries invested in technology that will (a) produce electricity using new technologies and (b) put sweat equity into technologies that have cars go either electric or hydrogen-based. The technology is there NOW but is being blocked.

Matt, Las Vegas, United States

This is a fixed price industry and the myth of oil shortages will continue whilst oil companies are allowed to get away with vast profits. Until the cartel of oil companies is broken the rip off will continue.

norman hall, norwich, uk

With shutdowns due shortly the turmoil in the oil/gas industry continues!

The industry is overwhelmed and unable to fill the increasing demands ....the oil price will always rise!.

Will the shortage of new vessels for construction, survey etc, force clients with little or no choice today!!!

andrew laing , ABERDEEEN, SCOTLAND

When people stated that oil could rise to $200 by the end of the year,my initial react was no-way.Now I'm not sure and things could get very nasty I fear.Maybe,if the US increased interest rates people would invest in dollars and not oil?

stephen hulton, eure, france