How High For Crude?
ARTICLE SYNOPSIS ...As of late spring 2011, the varied response to geopolitics
has pushed already firm Ny m e x Wt i crude oil prices
to more than $100 per barrel. Sensing the speculation,
major media and news outlets have caught the "how high will
crude oil go" bug, while the pundits have been suggesting
barrel prices ranging from the $120s to $200-plus.
Of course, reacting to these forecasts can be treacherous.
Pundits often blindly forecast prices without any measure
or accountability or responsibility even if they turn out to
be wildly wrong. And back in 2008, when prices zoomed to