The only true experts are predicting the price of oil to go up.
How crazy is it. The United States (the largest oil consumer) is entering a recession. Alan Greenspan thinks it may be the worst recession since WW2. Oil consumption is down since last year. Yet the price of oil continues to increase?!?
Now imagine if the US economy was growing, and out oil consumption was constant...think about how high the price of oil would be going right now!
The United States need to switch to some form of alternative energy. We need to cut our oil usage drastically or our economy will continue in recession. And it needs to happen NOW!!
Until then, this news of higher and higher and higher oil prices should not catch anyone off guard. Buckle up. The next few years are going to get interesting.