I don’t think oil can go any higher from here, other than down. I see cars switching from using gas to cng or hybrids, planes are flying lighter, ships are cruising slower, drivers changing driving patterns, people using alternate or renewable energy, choosing appliances that help them to save money. I also see oil companies are digging more and deeper into the sea. The world is fed up with oil. In ten years time, oil will only be cheaper.
-Icann July08, 2008