If we don’t hit $150 a barrel by August, I will be a little surprised. Of course, one way the US Congress could stop this is by forcing a default on the US debt. This would have a whole string of disastrous consequences, and with the economy back in the ditch, there could be quite a severe curtailment in demand.So, we will see.
Bank of America/Merrill Lynch has said almost the same thing: $140.
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