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OPEC has said themselves that the price/barrel is too high and that it should be around $60-$70 per barrel based on current supply and demand.
I may be crazy, but I think oil/gas prices are going to drop. Probably never to the $1.50 a gallon price range, but I bet we see gas less than $3/gallon once this crazy dust settles. The fact is that there is no logical reason for oil to be greater than $75 a barrel. This bubble will burst just like the housing bubble. It just can't be sustained indefinitely for no reason.
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Mike
1976 Euro 911
3.2 w/10.3 compression & SSIs
22/29 torsions, 22/22 adjustable sways, Carrera brakes
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