From: "Mark" 

Based on the events of the last couple of days, I'd bet closer to $110
during the Bush administration. If things work out in the short-term like
they eventually have to in the long-term -- that is, the end of Syria and
Iran in their current state, maybe even $120-130.

That'll do a number of things, such as making oil sands/shale more viable,
force the Senate approve offshore drilling at considerably closer limits
than they're currently whining about, open Anwar, open nuclear power, open
more hydroelectric via dams and hell, maybe even Windmill farms off
Nantucket.

Then if a Rep is elected to succeed Bush, it'll probably drop back down to
about $60 within the first year, OTOH, if a Dem is elected and starts doing
the usual Dem thing undoing progress over there and stymieing domestic
energy generation, it'll stay above $100 for the foreseeable future.


"John Beckett"  wrote
in message news:hj6jb218nj6gki7lv2lvk9i0gm8440um6h{at}4ax.com...
> "Geo"  wrote in message
news::
>> $100/brl while he is still in office, $40 6months after he's gone.
>
> The $100 figure is right on the mark.
>
> I know you're going for effect rather than science, but the $40 is
> hopelessly optimistic. Every indication is that we have hit the Peak!
>
> Get ready for real pain. Maybe oil prices will lower for a few months, but
> there's nowhere for them to go but UP in the medium/long term.
>
> John
>

--- BBBS/NT v4.01 Flag-5