Will oil price come down from 130 $ per barrel EVER ???

its rising and rising and rising and rising and rising and.........


and finishing and finishing and finishing and finishing......


day-by-day day-by-day day-by-day day-by-day day-by-day ........Will oil price come down from 130 $ per barrel EVER ???
only if we quit driving---ugruWill oil price come down from 130 $ per barrel EVER ???
The Oil price would come down in the short term. It cannot stay up there unless the Corporations want it to stay up there. But in the long run, here ain't no way we can prevent a huge increase in Crude oil.





Maybe Shale Oil and Tar sands can be used to ratchet-up production of oil, in effect quadruple the total oil produced. But this is not going to happen, because producing oil this way is very expensive.





Allegedly there are 1.5 to 1.7 trillion barrels of oil in the Colorado Green River valley, in the form of Oil Shale. The last attempt to recover this oil was thwarted by a sudden drop in oil pricing caused by Saudi Arabia increasing production.





Companies existing purely for shale oil recovery went bankrupt. Major oil companies stopped their losses by abandoning the project. The price of oil is very sensitive to production quantities. A 1% shortage causes far more than 1% price increases, and visa versa. Increasing oil supply by tapping the shale oil could cause serious price drops, making the whole enterprise unprofitable.





That is why, Corporations who don't want to lose their profits are keeping a close eye on the production of oil. The banking cartel is going hand-in-hand with these people. There is not enough funding for alternatives to the present carbon-based fuel, which is unsustainable.





Wait for a while, demand would soften, and the price of oil would be within comfort limits for a while...
you bet ye, it has gone up in price way to fast, and will shortly retract in price, but don't be fooled by that, there is a lot more to come.
I personally believe it will hit $5.00 a gallon by mid-summer or bit earlier!!!!!!!!
Yes it will. But it will be awhile. Be thankful we don't have shortages or long lines at the pump. The high prices are better than that.