>"Prices are only going up from here." There may be some short term spikes, but $100/barrel is the hard limit now. We actually have effectively unlimited oil s

>"Prices are only going up from here." There may be some short term spikes, but $100/barrel is the hard limit now. We actually have effectively unlimited oil supplies now, but the economics of it don't converge until that price. At 100$, it becomes feasible for all of the more expensive fracking infrastructure to come back online, which puts a hard cap on the price.