Geology.com has a link to a prediction (The coming oil crash) that the price of crude oil will plunge down to $30 a barrel. The current high prices have sparked a good amount of exploration, which should lead to a greater supply, which should lead to lower prices.
Others point to instability in the oil-producing regions of the world—the Middle East, Nigeria, Venezuela—as a reason to expect higher prices for crude oil.
I don’t know, but I guess we’ll find out sooner or later.
Grace and Peace
