Oil Price Over $100, in a Blink

The Cassandras are out in force these days. Some are true believers. Others are masochistic oil men. They claim that the recent price of oil — at almost $150 — was a

The analysts are right on one thing. There was never really a rational reason for $150 oil. Headlines ruled and speculators did ride them. But oil at $40 is also irrational, fed by headlines about the economic crisis.

There are three main reasons why oil cannot stay at $40 or even $70.