The price of oil?

Question

Do you foresee the price of oil falling in the future or do we have to live with the high price for a long time?

Answer 1

Not only live with the high price but India China and other developing countries will push it higher.

On the positive side, I think the high price of gas is a godsend in that it will help slow down consumerism until we get other energy sources into play.

Answer 2

Depends on how far you are looking into the future.  In the near future, it will rise.  In the distant future, there will be alternatives and no need to use oil, so it will be $0. Obviously, it will be $0 when we run out of it,

Answer 3

The price of Oil is where it is because it's the exact middle point of where all the expert investers are devided.  That basically means that right about half think it's going to go up and are williing to buy at the current price and half think it's going to go down and want to sell.  That basically means that all the best minds are equally devided on the matter and there is no real way to tell  Sorry to be a buzzkill but that's the way it works, any smarty pants who say they know it's going to go up or down, tell them to put there money where their mouthes are and get rich off of market speculation.