Oil is so high I believe it will kill the economy and I hate to see what I will pay for heating oil this coming winter.<br>Although most experts don't believe it will happen some experts say that oil could go as high as 100 dollars per barrel.<br><br>Oil could come down but demand for oil still appears to be strong enough from emerging economies like China and India to keep the price of oil from plunging too far. <br>I wonder how much out-sourcing has to do with China and India's economy?<br><br>Continued violence in Iraq and concerns about the outcome of the upcoming presidential election in Iran could keep prices volatile.<br>In addition, there are fears of political unrest in Nigeria and Venezuela, two other big oil-producing nations. Finally, there have also been threats of an oil workers' strike in Norway, though it appears that a work stoppage has been averted for now. <br>Anyone think we should have been looking for alternative energy sources years ago?<br><br><br>
I expect it to hit $80 and not return to a lower level.<br><br><br><br>We all do what we do for the same reason: because it seems like a good idea at the time.
_________________________ I used to think it was terrible that life was unfair. Then I thought what if life were fair and all of the terrible things that happen came because we really deserved them? Now I take comfort in the general unfairness and hostility of the universe.
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