Oil outlook may reach 200/barrel

Even just a year or so ago, the thought of 100 dollars a barrel of oil seemed to be really absurd and wouldn't hold. Now that the 100.00 barrier has been hit and we haven't even gotten to the normally heavy travel season in spring and summer, the question is "when will it stop?" In the United States, prices are expected to peak this spring well above last May's record of $3.227 a gallon.

While experts have said there is a chance that oil prices could level off very soon and possibly dip below the 100.00 mark, the reality is that it won't stay, and with the volatility of the world and frequent outbreaks of violence, a major disruption could send the price of oil barreling (pun intended) towards 200.00 a barrel. Financial advisors Goldman Sachs correctly predicted the range that gas has risen to, and while they say the reality is that oil should range from what it is now to possibly 135.00 a barrel by 2012, they warn again that with reserve issues, weather, and war, that the predictions of 135 could be very conservative.

Please, PLEASE, hurry with the hybrid and electric technology. My wallet can't take much more....

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Oil outlook may reach 200/barrel

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