$100 a Barrel

Photo Credit: samplediz

$100 a barrel of oil. That is the unbelievable level some think oil could get to by the winter. Right now it's around the $60 a barrel level, but a jump to $100? Sure the that is a worst case scenario, but even given the high demand from China and the fact that our refineries are running full out, I just don't see it getting that high. Or at least I hope it won't. If it did I'd be riding my bike far more for transportation, because I couldn't afford the gas that result from prices that high.


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New fear for oil: $100 by winter