Wrong Nathan, you have been mislead, crude oil and natural gas are NOT non-renewable resources, they are renewable and are continually being created deep within the Earth by heat from rock. Furthermore demand does NOT currently exceed demand. The price of oil today is not being driven by the law of supply and demand, but by speculators under the guise that supplies are limited and will eventually run out, which is false. Producers drilling in the seas of Alaska have recently drilled a ultra deep well into a reservoir that greatly exceeds all the oil from the Middle East, and would supply the world for many years, but they had stopped drilling, by orders of the Illuminati, until oil hits $150/barrel. It's greed, pure and simple.