The many Freepers who were saying back in March that this was short term speculation and that oil would soon be back in the $40 range have been notably silent of late.
Many FR prophets have bit the dust over the years. Often the last thing they say is "Fools!" and then the sound of maniacal laughter, then -- silence.
I am one of these Freepers, but I never stated a date certain. (No dummy here). What I do believe is that we are not in the "peak oil" supply crunch, but merely in a "lets screw the West" supply crunch. When enough so called alternatives have been heavily invested upon by our side the price will drop to a level that puts oil shale reclaimation and tar sand refining out of business.
And no, I don't have a date, or know anything in detail about the oil business, its just that these "economic the sky is falling events" come every so often and betting against them is usually the safest bet. (I did buy a new diesel truck to pull my trailer, so I have put my money where my mouth is.)