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http://articles.moneycentral.msn.com/Investing/JubaksJournal/WhyOilCouldHit180DollarsABarrel.aspx

Why oil could hit $180 a barrel – MSN Money via kwout

In the “more dire predictions” category, Jim Juback from MSN (moneycentral.msn.com) thinks oil will continue its price rise. He sites geology and geopolitics. I often read his columns and they are quite good on the whole.

He omitted what I believe to be the major cause of this, and other, inflation. Government central banks producing huge quantities of fiat currency.