Forbes | Abated Incremental Oil Demand Extends Future Supply Forbes Indeed, an echo chamber of false pessimistic predictions regarding future oil production has entangled government agencies, geologists, and moneymen since Colonel Edwin Drake's first well launched the modern oil industry in 1859. Exactly the opposite ... Oil tops $58 for highest settlement of the year How Low Can Oil Prices Go? Oil hits 2015 highs after first US hub stock draw in five months |