Another oil spike to US$100 a barrel towards the end of this year

Peak oil demand theory in vouge
"Another forecaster who's getting nervous about the world's oil supply picture is CIBC World Markets chief economist Jeff Rubin. In a report to clients on Friday, he predicted another oil spike to US$100 a barrel toward the end of this year and into 2010."
http://www.financialpost.com/analysis/story.html?id=31d0b51d-bc70-4944-9075-d41630cda771

CIBC World Markets - January 23, 2009
"While the recession may temporarily cut a million or two barrels per day from world oil demand, it will do nothing to stop the loss of nearly four million barrels per day this year from depletion—particularly from the deepwater wells that make up more and more of world supply these days."
http://research.cibcwm.com/economic_public/download/sjan09.pdf