Oil keeps climbing

As the oil price keeps climbing, the usual excuses come out. War in Iraq, Hurricanes in the Gulf, Strike in Nigeria, etc. Look folks, these are all excuses that cover up the real problem. There is more demand than there is supply. I'm quite bearish on the prospect of having enough oil when my daughter becomes a mother.
Meanwhile, we see reports of various firms striking oil off of East M'sia. All fine and good but please let me know when this oil comes online. Just because you find it doesn't mean you can get it, process it, etc. for cheap. For a real downer, see this.