Some one on here said that the oil bubble will pop at about $150.. I wonder
here is what OPEC is saying... I for one hope it aint so
OPEC President Chakib Khelil was quoted as telling a French television station that oil could rise as high as $170 per barrel this summer before pulling back. That and a falling dollar helped send light, sweet crude up $3.50 to $138.05 a barrel on the New York Mercantile Exchange. Rising oil has saddled nearly all parts of the economy with higher costs, weighing on consumers who now have to reach much deeper into their wallets at the gas pump and therefore have less to spend elsewhere.