Because the world's population is growing and living standards are rising worldwide, energy consumption globally is expected to jump by more than 50 percent over the next 25 years. But finding supplies to match that growth is going to be increasingly tough, and will require massive new investments in coming decades. Oil and natural gas will remain indispensable to meeting total projected energy demand growth. Expensive crude is here to stay, and the competition is accelerating in an ever-widening circle of bidders. Oil prices today are being pushed higher by rising global demand and worries that the world's limited supply cushion would not be adequate to offset a lengthy disruption to output in major producing countries, such as Saudi Arabia, Iran or Nigeria. There are also concerns about the risks hurricanes pose to U.S. production. Relating this to stock price, even at the $90 level for crude many oil companies are undervalued. When the reality of the situation makes its way into market structure the rush will begin, and vastly under-priced oil stocks will undoubtedly skyrocket. Hemi is undervalued both as an individual company and as vital part of the industry.