Revival of $100 a barrel oil debate

The club of people who say oil is headed for $100 a barrel is growing steadily. Are they right or is...

The club of people who say oil is headed for $100 a barrel is growing steadily. Are they right or is it just another of those outlandish financial predictions to be filed with the fanciful forecast in 1999 that the Dow Jones Industrial Average may reach 36,000 within five years? The price of oil has certainly been climbing. In New York, it rose to a peak of $58 last month, from $38 a barrel in May last year. It is now hovering near $50. To some analysts, the market is taking a short pause for breath in what may be a bull run lasting a decade or more. At the bar of the $100 Oil Club, you c...