The crude traders don't seem that worried. Look at light sweet http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html http://www.cmegroup.com/

The crude traders don't seem that worried. Look at light sweet http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html http://www.cmegroup.com/trading/energy/crude-oil/light-sweet... or Brent http://www.cmegroup.com/trading/energy/crude-oil/brent-crude-oil-last-day.html http://www.cmegroup.com/trading/energy/crude-oil/brent-crude... If they seriously though there was going to be a major shortage in the moderately near future (5~10 years) the December prices for 2012~2018 would be higher.