The author has a long discussion supporting his $200/bbl thesis.
One of his points: policies by governments around the world suggest the trend will continue, and provides three examples:
- UK recently increased its punitive tax on oil producers to 32% from 20%. This is in addition to the "normal income tax," thereby making it punitive
- New oil production from Canada and North Dakota is bottled up by refusal of the US government to permit a trans-national pipeline improving oil supply to rest of the US
- The permitorium in the Gulf continues
- The EPA has shut down drilling in Alaska
