Oil tops $125 a barrel how high will it go?

[rafterman]

U.S. crude oil spikes to 13-year high of $130 overnight, then gives up most of that gain

U.S. oil surged on Sunday evening as the market continued to weigh supply disruptions from Russia in its ongoing war with Ukraine.

www.cnbc.com

Brutal there just doesn't seem to be an end it sight I'm calling for $150 a barrel for sure by the time the summer peak driving season hits. What's your prediction?

And how high will the pump price go gotta be north of $2 a liter?

 

[oil&gas]

Oil price could be trading anywhere between $200 and $20 through 2023.
If it ever hits my predicted bottom price oversupply will not be the cause.

 

[escortsxxx]

Well there is no end limit. Its not the first resource to reach extreme level - gold once as used for dollar coins that same gold coin is not worth over 50 k part the gold value part the historical value gold alone is about 2k.

Dune used Spice as a fill in for Oil and until the econmy retooled int that fictional universe spice/oil became horded to be used by the ultra rich.

David Frum points out on twitter:

President Biden needs to speak plainly to Americans about the food/fuel inflation that Putin’s war imposes on the world. Prepare the country. No more of the glib “buy American” mental junk food in the State of the Union address. Real talk about real costs.