If Europe is paying more for oil than the US, what could happen after what may happen next?

The greatest thing to come out of [invading Iraq] for the world economy
would be $20 a barrel for oil.

Rupert Murdoch

http://www.greensborogasprices.com/

Or are Central Banks Printing Too Much Money?

If US mainland oil discovery peaked in the 1930’s,
leading to a production peak in the early 1970’s,
and world discovery peaked in the 1960’s,
when should global oil production peak?

Think of the Earth as a living organism…being attacked by billions of bacteria,
whose numbers double every forty years.

Gore Vidal

If mold continues to multiply after eating half a piece of cheese
what happens when demand exceeds supply?
If we’re the mold and Earth is the cheese
how many need and/or want how much
where is half way, who’s got what’s left, who gets cut off when
who will compete with who for what’s left
and how is who most likely to win?
Can mold collectively prevent the procreation
of a larger generation that can’t be fed by the remaining cheese?

"...Consider Japan's situation in the summer of 1941.

Bogged down in a four year war in China she could neither win nor end,
having moved into French Indochina,
Japan saw herself as near the end of her tether.

...On July 25, [1941] we froze all Japanese assets in the United States,
ending all exports and imports,
and denying Japan the oil upon which the nation and empire depended.

...At a Nov. 25 meeting of FDR's war council,
Secretary of War Henry Stimson's notes speak of the prevailing consensus:

"The question was how we should maneuver them (the Japanese) into
... firing the first shot without allowing too much danger to ourselves."

Patrick J. Buchanan