|Quoting Cedarjet (Reply 1):|
We'll easily see $100. The Middle East isn't going to cool down, it's going to get a lot hotter. But that isn't even the problem, it's that the black gold is running out, and we'll see $100, $200, $300, $400.
|Quoting Kanebear (Reply 3):|
Peak oil is a joke and a myth. Oil won't ever be $20/bbl again but it doesn't need to be $70/bbl either. It's only as high as it is now due to speculation, unrest in the mideast and other uncertainty.
|Quoting Pavlin (Reply 2):|
Don't be too pesimistic. There are other sources beside conventional oil that are far cheaper than 200$ per barrel. Canadian oilsand are about 40$ per barrel of crude not refined.
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