While much is made in the media regarding peak oil and resulting skyrocketing fuel prices, industry experts indicate that there is plenty to be optimistic about.

Peter Beutel of Cameron Hanover, an energy hedging company, says that “We have more oil than we’ve had in probably three decades.” He goes on to say that if it weren’t for the massive influx of investment money looking to profit from energy commodity fluctuations, heating oil would be significant cheaper.

The fundamentals (supply and demand) simply don’t support the current price. Buetel says that for the for the coming heating season, prices should remain stable.