Originally Posted by
forgot to bid
This sorry economy can't handle $150 oil. Can't handle $110 right now. Once it hits that point supplies, unless tampered with or someone promotes a get rich unfounded scheme of peak oil, will increase and prices will fall.
Only one problem with your theory...the USA probably won't be the driving force in oil consumption going forward. China, India, and other developing countries without their own internal supply will skew pricing, especially as the US continues to devalue our currency.