And as an update to this irrelevant article, recheck the facts about the Saudis. You'll find they just CUT production, they did not INCREASE it. Why did they cut production? Simple. Oversupply and soft demand. It was reported that they cut demand in DECEMBER, and GS is still insisting on issuing false information. Just like last May. Same scenario, different time.
$150 / barrel was predicted years ago and never happened. This article was fro Germany which alsredy has higher fuel prices than in the USA.. $150 /barrel in the USA would ruin our economy.. Right now there is a glut of oil and this will probably remain so. NG on the other hand will soar as Japan and China will be importing via pipelines and shipping. Japan wants no more nuclear plants and is shifting to those run on NG. China will do the same. You may want to invest early in those shipping companies that will ship transport the gas in newly built or converted ships.