Oil Prices in 2009: Will They Rise or Fall?

[Wellesley]

Will oil prices rise in 2009? Or will the economy keep the prices down for a while?

 

[Ivan Seeking]

From everything that I've heard from pundits and "experts", based on simple supply and demand, we should be between $70 and $90 a barrel.

If the speculators come back, if we have a crisis, if we have a storm or an accident... Many people, including Boone Pickens, say that $200 oil is just a heartbeat away.

 

[wildman]

Gad, who knows. Every time I try to predict future oil prices, I end up looking like a fool!