Nobody can predict the price of oil. Oil was $10 a barrel in 1998 at the end of the Asian Contagion. Oil was cheap in the 60s and early 70s, expensive in the mid 70s to early 80s, moderated and decreased from 1982 until 2005. Since 2005 it has surged to levels not thought possible. With the exception of a burp or two in the economy, is has grown each year. It may not grow much this year or next. We'll see.
Originally Posted by Big  once the economy starting a popping once again
Please elaborate what happens to oil prices once this happens? |