Citi: 'The End Is Nigh' For Oil

Citi's Seth Kleinman has a pretty sweeping note today, titled "The End Is Nigh," in which he argues crude oil demand — and with it, prices — are is set to fall dramatically in the coming decade thanks to the rise of natural gas and more advanced fuel economies.
And the trend is worldwide. Kleinman on gas:

One of the many unforeseen ripple effects of the US shale revolution is a push to substitute natural gas for oil.

Read more: http://www.businessinsider.com/citi-the-world-is-moving-away-from-oil-2013-3#ixzz2aSOf14cc