Is Oil Heading For $100?

Yesterday, in writing about the rise in oil prices–which have roughly doubled in a year–I noted, “No one saw it coming.”

As it turns out, a few people did see it. And now some of those seers are saying the recent “spike” is no spike at all, but the start of a long-term trend. It may be that the price of a barrel of oil is heading for $100, if not higher, by the end of the decade.

Forbes.com