As oil prices have risen to $135 they seem to be doomed, luckily for us, the price has decreased again to $130. The price of crude oil has rose by around 40% this year because of the soaring demand from emerging economies, such as China and Asia. The issue is that there is not enough oil being supplied in order to keep the prices down. Some analysts have raised the possibility that oil could reach $200 by 2010, while others say that if geopolitical worries subside and the US dollar regains its strength, it may begin to edge down. Personally I hope that the price of crude oil either drops right down or alternative fuels become more readily available.
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