are we going to see oile price over 100$?
97581
The chance of hitting $100 a barrel is real and may happen within the next one to two years if the current development of alternative energy cannot be commercially deployed in a massive manner in the short term.
646995
Not in the next 50 years.  Ever since we started using oil commentators have been saying it's about to run out.
672295
because of the high prices of course...\n\nno blood for oil!!
78960
they are going up here too, I think the oil companies noticed that when it was at it's highest a couple of months ago, people were still buying. They know what "the market will bear" and are just trying to line their pockets more at our expense. There is no indication that supply is lowering or that demand is raising. So what exactly is the reason? Here it was 1.85 1st of January now it ie 2.28 and rising steadily.\n\nhow high are we going to let it go up?
305339
Remember that no matter what someone says...   EVERYONE has thier price.\n$10 and a tank of gas.
503007
Of course the main issue is and always will be competition. But as a product standpoint it would have to be rising manufacturing, shipping, and product costs due to the increase in energy prices.  Oil is used in more than just vehicles; it's used in many products or the manufacturing of them.  We have already seen the increase of "Oil" not only in our fuels but in consumer price index that rose last week.  It's a trend that will not fall until alternative energy sources are more widely embraced by the market.
901409
If Al Qaeda pays $100 a day, who do you think is funding this? We are by buying oil from Iran and the rest of the Middle East! Let's start drilling our own offshore oil!
589468
id say keep them money will come...  I'm in Louisville KY- by the end of this summer it will be almost $5 a gallon- its already $2.85+  don't loose it. we still have a untapped source in Alaska.  you know as well as i do that our politicians wont tap it until the rest of the world is dry.  then when they finally do it will be ridiculous. you will be rich.
436887
vote... all this middle eastern saber rattling is driving the prices sky high...\n\nhe obviously doesn't have money to invest in "alternative fuel" vehicles... what are you people smoking?
278954
"In today's complex global markets, the price of crude oil is set by movements on the three major international petroleum exchanges, all of which have their own Web sites featuring information about oil prices. They are the New York Mercantile Exchange (NYMEX, http://www.nymex.com), the International Petroleum Exchange in London (IPE, http://www.ipe.uk.com) and the Singapore International Monetary Exchange (SIMEX, http://www.simex.com.sg)."\n\n\n\nBasically the availability of oil as well as the cost of finding more are the main reasons for the pricing of crude oil. But there are a lot more factors that come into play when you start talking about gas prices which are connected directly to the cost of oil.\n\n\n\n"Global economic expansion is driving what the International Energy Agency says is the biggest increase in oil demand for 24 years.\n\nOil companies have tried to become more efficient in recent years and operate with lower stocks of crude oil. This means there is less of a cushion in the market against supply interruptions.\n\nThe combination of low stocks and Opec action to keep them low leaves the market exposed to the prospect of sudden price rises if supplies are threatened.\n\nThe world's major oil consumers remain dependent on the Middle East for their oil. Recent violence in Iraq and Saudi Arabia has again raised fears about an interruption to supplies.\n\nAnalysts also view political tension in non-Middle East states Nigeria and Venezuela as having the potential to disrupt exports and drive up world prices.\n\nLow US gasoline stocks and pressure on US refiners to increase production of new gasoline blends have also helped drive world crude oil prices."\n\n\nHope this is what you were looking for, please send me an email and I will elaborate more.
430448
I think we will probably see gas go to $3.75 a gallon this summer.  I drove to New York this past weekend and a gallon of regular gas was $2.80 and super was $3.05 (Ultra was $3.11)   I really feel sorry for all those people with their super big SUV's.  I think that as long as we keep on making these large cars that are like houses on wheels and keep paying to fuel up the prices are not going to come down...  just think what will happen if Iraq gets sanctions imposed on them by the west....
611877
When ppl need something the complanies charge mega bucks! lol Oil we need it, and look at the prices.
280947
Its not cheap but gold is very bullish right now. Im guessing it will hit $1600 an ounce by the end of the decade
93927
It's really not a matter of whether you believe in peak oil or not. It is just a matter of fact that anytime you are using a natural resource at some point you will have used up half of all that is available. As to when that half way point will occur, we have to wait and see. As is usually the case, we will not know exactly when it has happened until we can look back at the historical data.
595280
My economic knowledge tells me that I hope it goes up up up. My company pays for my gas, and as a resident of Alberta, Canada I stand to share in the wealth that the province brings in from oil revenue royalties. My family got a check for $1600 this last time, but with the current (and rising) oil prices the next one could be much higher. \n\nMaybe people will stop buying stupid SUVs too. I just bought a Honda Civic and it gets great milage. \n\nIf the USA continues to try and clense the world of anti-western democracy govenments (Iran, N. Korea etc.) this trend will continue. If faith in the US dollar doesn't improve, people will continue to invest in commodities like Gold, Silver, and Oil, thus driving the prices up.
1056073
It is a real concern, but whenever someone makes a prediction about when a country of the world will reach peak oil output, they do so with what then is considered a researve.  As the cost of a barrel of oil increases, sources for oil that were once not considered a researve then become on because at that cost it is economically viable to recover it.  With the recent spike in oil prices, North America can now clasify the tar sands in Canada and the oil shales in Colorado oil researves, and that being the case, it is estimated that in the US alone, we now have more economically recoverable oil then Saudi Arabia, the worlds largest exporter.  As the price continues to increase, other marginal sources will become economically viable.  Sooner or later, we will reach a point where there simply isn't enough oil available for any price, but that is still a ways off yet.  I believe that before we reach that point, oil will be more expensive then alternate fuel sources.  Through simple economics, I believe that people will begin using these alternate fuels simply because they are less expensive.  I believe that the high cost of oil will spawn invention and inovation into the energy sector, and I believe that has already begun.  We are working on increasing production of biodiesels and ethenol, and there is increased research into fuel cells and electric autos.  I think the future lies in hydrogen burning technology personally.  We already have engines that burn Hydrogen, but we're still working on the fuel tank dilema.  So, for a long answer, I believe that there is and will be time. I'm looking foward to being put out of buisiness.
1154704
Sounds like a good choise to me. As in the near future with the cost of petrol going up continually, people wont be able to afford to run a car!