Looks like the froth is going flat. The fundamentals could not support prices in the $60s let alone higher. Even with OPEC trying to tighten it, the West is moving away from a heavy petroleum economy, and the developing world can't afford artificially inflated oil. Boo freakin' who to Middle Eastern dictators, Putin and Chavez.
Global warming will cause mass starvation in the mideast. Oh the horror.