Better buy that new SUV now while you can still afford to fuel it

French analysts predict a hefty oil price increase:

A report prepared by energy economists at the French investment bank Ixis-CIB has warned crude oil prices could touch $380 a barrel by 2015.

They also said existing new oilfield projects would not be enough to satisfy unprecedented growth in demand from developing economies, particularly China.

I'm no expert but it seems to me China's economy is going to slow down just a tad if prices reach anywhere near $380 a barrel. Hell at that price we'll have to start harpooning whales for their oil.