Grande Mesa

SAN ANTONIO - The manager of Blackrock’s World Energy fund, Robin Batchelor, this week predicted oil prices to remain high well into the next decade, reports Britian’s Financial Times.

The world’s emerging economies, particularly China, are to blame for a rise in demand for oil. Batchelor suggested a continued increase in oil prices claiming the energy sector “trades at a significant discount to the broader market” and that current oil prices have “not yet been factored into valuations.”

In other words, time to start thinking about selling your f*cking car. I’ve got a million months of payments left on mine and I’m re-evaluating whether to even keep it.