Originally Posted by atpcliff

Hi!

I saw some analysts on TV last week, and they said, if you took ALL the speculation out of the price of oil now, it would settle down to about $80-$85/barrel.

The CEO of Shell said that, if things continue as they are, the world will run out of cheap, easy to access oil (like we have now) in 7 years, and it will be a MAJOR problem.

He said if countries and businesses work together starting NOW for conservation and alternative energy sources, it would be possible to avoid a major problem.

$10B per year for 10 years will get us the technology we need to wean us from oil. Let's start TODAY!!!

cliff
YIP

PS-It was $89 yesterday, and $92 today. It won't peak long-term until we quit using oil as an auto/truck fuel. I'm guessing it will peak at about $150/barrel, but $250 or more due to some major problem/situation wouldn't surprise me.