Oil prices are sure to go higher

[dan_s]

Read this, especially if you own any of the Sweet 16.

http://seekingalpha.com/article/1631292 ... urce=yahoo

Despite very slow economic growth in both the U.S. and Western Europe, the price of crude oil is now over $100/bbl. That should tell us something.

The price of any commodity is set by the marginal cost to add more supply. The cheap oil is depleting fast. New supply is coming from shale, deep water and oil sands. All three are very expensive to develop.