Then again, there were those which stated a few years ago, "oil would never reach $50 a barrel!" - wonder where they are today?
They're still saying "oil would never reach $50 a barrel!" but now they mean that as a bargain price.
Very good point.
Oil Trades Above $74 on Iran's Refusal to End Nuclear Research
$100 is rather high, I don't think it will go that far - but I think it will at least stay around current prices.
My view is that oil is not going back to where it was pre-2003, no matter what happens internationally.