Where is oil headed?

Question

Where do you think? Please intelligent answers only.

Answer 1

It'll probably go down (as in price).  But then I expect it to go higher again in the future. I agree, John M, it will run out. I hope our nation and other countries invest and develop more alternate energy.  We'll need that.

Answer 2

Up.  Supply and demand.

Answer 3

After the election, it'll go down. The oil cowboys are in now, but it'll be the bankers/real estate that's coming in. The tremendous damage that's been done to the economy and the value of the dollar is something else. Just a guess.

Answer 4

down for a while, but in the long run, its going to go higher and higher until it becomes obsolete.