Hi Sharki.You ask about sustainability of the oil prices..Check this chart. I think it is self explanatory. For last 18 months WTI rise followed very closely the decline of $US. Fundamentals (supply and demand) had not much to do with it.

Every time the the hedge funds are going long on WTI future contracts we are overwhelmed with number of books web sides and studies about oil peak problem. Last time I check (today) our oil and gas reserves are in the 5 year average level or above it.

Remember the first bubble 500 years ago? People were convince that the world will end because we will have not enough black tulips. Some resent examples are uranium bubble fiasco and housing .

How long this will last? Nobody knows.The short finansials and long comodity play is still in tact.