Is $100 oil coming soon?

It’s been a relief while it has lasted. Lower oil prices, that is. But the days of cheaper oil are numbered.

The brief respite from last summer’s record-high crude prices, which aggravated the global economic slump, will soon give way to another oil-price spike that may be more painful than the last one.

“The stage is currently being set for oil prices to skyrocket,” says U.S. energy analyst David Fessler in the online investment newsletter Investment U. Fessler cites the decline of such super fields as the North Sea, Alaska’s North Slope, Mexico’s Cantrell Field and Saudi Arabia’s Ghawar Field
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