Some folks say it will drop back into the $20s per barrel. With the demand ever increasing and the supply not keeping up, I don't see how the price can go down. Where will tha bail out come from?
The oil price cannot fall down that much, because of Chinese and Indian economic expansion. Pretty soon the OPEC dont have more capacity.
"Some folks say it will drop back into the $20s per barrel. "
Those folk still believe the earth is flat also and polyester jumpsuits will make a comeback. (I'm still waiting for that $0.25/gal gas war.