Apparently we’re in for a crude awakening

Whither oil?

That’s the head-scratching question nagging everyone from beleaguered U.S. airlines and automakers to panicky motorists bracing for $4-a-gallon gasoline.


Will record crude oil prices, which briefly topped $135 a barrel this week, continue soaring wildly into the stratosphere? Or will they finally come crashing back to earth, restoring sanity to energy markets?

One thing is clear: Today’s almost unbelievably high prices are shaking virtually everyone’s world to a degree that we haven’t seen since oil prices shot from $3 to $35 a barrel from the early 1970s to early ’80s.

Star-Telegram