|If you look at these graphs...|
What do you see? That increase is hyperbolic not exponential - the *time scales* of the increase are decreasing exponentially. We're at +$10/month now, a year ago it was +$10/quarter, then in '03-'06 it was about +$10/year.
If I had to guess, I think oil will peak in December 2008 at between $200 and $225. In the 2009-2011 period it will be volatile ranging mostly between $60-$160. I'm interested to see if my prediction is any good.
|it looks like it in control for now|
|Yep, peaked at $147 and fell right back down just in the last month or so.|