Get Ready for the Oil-Price Drop
The world economy can't handle current energy prices, much less a big increase. Which in turn means that oil prices will fall.
When the price of anything gets unbearably high, it discourages demand. The resulting drop in sales, in turn, causes inventories to pile up and the price to come down. That has proven true of overpriced houses - and it will likewise prove true of overpriced oil.
~Alan Reynolds of the Cato Institute in the NY Post