Oil Crisis?

I guess most of us starts to feel the pain when oil exceeds $130 range, and starts to tightening the belt, it is not seat-belt sorry.

I am sure there is a common question about: Would the oil price will go down? If yes, when? If no, how?

I am not agreed with Perfection thus the oil price might go down till $100-$110 range by Q3 '08, if not Q4 '08.

The ceiling level for 2008 is $165 per barrel conservatively.

Lets see if my wish comes true...