Where do you see the price of Crude Oil being at, in 1, 3, and 5 years from now?

Crude Oil has reached all-time highs, coming very close to $100 in recent days (although it has dropped to about $90). Where do you see the price of oil being at in the next few months? But more importantly, where do you see it being at, in a year from now? And a few years from now? And 5-6 years from now? Is it possible to see $200 or even $300 oil? Or is that just not possible as demand would be sharply curtailed at prices that high?Where do you see the price of Crude Oil being at, in 1, 3, and 5 years from now?
Very volitile commodity that will trade sharply higher or lower in the short term.





The long term trend remains higher as increased demand from China, India and the United States continues.





Most of the ';easy oil'; (land drilling) has already been found, meaning it will be costier for companies to drill in deepwater, harsh environments, as well as commodity prices increasing for things such as pipe that the drillers use.





Also, many environment groups have helped blocked offshore drilling on the East and West coasts of the United States, even though rig technology is much more safer nowdays.





I see oil going up 20-25% a year over the next few years.





end 2008 target = $110 barrell


end 2009 target = $130 barrell


end 2010 target = $150 barrell


end 2011 target = $175 barrell


end 2012 target = $205 barrellWhere do you see the price of Crude Oil being at, in 1, 3, and 5 years from now?
more like 115$-125$ but who cares. Your the one driving up the price and willing to pay for it.