Okay, I was just rolling my eyes on the headline.
If the headline said “Why Prices Will Go Up” and explains that oil will become more costly to find and exploit, I can buy it. I can even expect it. But the headline said prices MUST go up, which sounds like the author is trying to will it back up.
Okay enough about the headline.
Yes, oil prices will likely go up at some point, that is a really safe prediction.
The author is wrong that we desperately need to be pumping a lot more oil from Iraq. There is plenty of untapped oil under the ground, and it might be cheaper to exploit than trying to stabilize Iraq.