Is the Oil Market Going to Go Away in 10 Years?

No one in the US has built a refinery in more than 50 years. But unlike with oil rigs, you don't just build more refineries right now based on what the price of oil isright now. And I think that actually 10 years from now, the oil market is going to look completely different. If we take even 20 or 30% out of world demand, the price of crude oil will collapse. It will go down to $20 or $30 a barrel. Well, we're going to check back in with you in 10 years.