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Will price of oil touch $200?

PostPosted: Tue Jun 10, 2008 10:48 pm
by cacofonix
Well, it's a question everyone fears to ask, but at the same time know that the answer is most likely yes. Guess most pundits have said the world will have to live with 100+ oil perhaps forever, so what heights do you think will oil prices reach - say in the next 3-4 years?

Re: Will price of oil touch $200?

PostPosted: Fri Jul 25, 2008 1:16 pm
by The Doctor
With the main fiat currency of the world collapsing out from under us as we speak, and with all the other currencies of the world being fiat currencies loosely tied to our own fiat currency, and with us printing 17% more money every year in the traditions of strong and healthy empires like the Weimar Republic, I tend to think things are going to fall apart completely before oil hits $200 a barrel.. or, if we fight the tide for a little while longer, we'll only see oil for $200 a barrel for a short time before everything collapses and we're back to bartering for our needs, or we go back to the drawing board and start over again with something a little less based on greed and short-sightedness. Either way, it'll be something to do, at least...