time for round 2 the drop to 630, page-5

Oil headed to $30 a barrel?????
-you have just got to be joking!!
The stuff has more than likely passed it "peak worldwide production" this year...at 88 million barrels consumed worldwide per day our heavily industrialed world as we know has been built arounld this 'cheap' abundant source of energy.
But guess what....we are running out of cheap to extract oil.Sure we know there's plenty more to find and burn, but it is'nt going to cheap as chips..it'd the end of "cheap oil"
My prediction is $150 then $200 within 3 years.
I only hope electric cars are as fun to drive!