Wall Street Giants See Oil Prices Rising

Twenty years from now, we'll all be wondering why in the hell we didn't start trying to conserve oil sooner...

From BBC News:

Wall Street giants Goldman Sachs and Merrill Lynch have revised upwards their predictions for the price of oil.

Oil prices rose to a record of $67.10 a barrel last week on supply and refinery worries and there are fears that prices will not fall and may go even higher.

US commodities guru Jim Rogers has told Reuters that oil will prices will soar upwards to $100 a barrel.

"I don't know about the next quarter or even next year...but it will go to over $100 a barrel," he said.

Mr Rogers, who sees strong oil prices as being based on strong demand and shortage of supply, pointed out there have been no great oil discoveries in "more than 35 years".