Is the world facing a crisis in availability of crude oil?

June 17, 2008 3:49am CST
Rising crude oil cost is adding more dilemma to the economies which are already in red. Is the problem more political than geographical? I believe that this more of a political issue than the availability of oil. As per the projected the stats, current reserves can serve the world for another 41 years. I think it has something to do with the current contention between the west and gulf. What do you say?
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