Right. Oil at $60 per barrel? Not for long, perhaps:

Oil prices will rebound to more than $100 a barrel as soon as the world economy recovers, and will exceed $200 by 2030, the International Energy Agency will say in its flagship report to be published next week.

Notes Brad Plumer at TNR:

If that’s true—and, yes, there are other estimates out there, plenty of uncertainty, etc.—then it sounds like a stellar idea for us to spend the intervening years becoming less reliant on oil, so that when the price jets back up to $100/barrel and beyond, we’re not all buckling at the knees again.