Originally Posted by
IQuitEagle
The problem is, once the world economy rebounds, the price of oil will go up. A real Catch-22 situation.
Not necessariy the real case. If we can keep speculators out of the oil market, then the price shouldn't increase at more than 3-5% annually. Eventually oil will be $200/bbl because it is a finite resource, but we have enough to support worldwide demand and growth for the next 15-20 years at a price below $90/bbl if speculators will stay out of the mix.