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Posted Wed May 21 2008: from Guardian (UK):
Oil hits record near $130 as supply fears grow
Crude oil prices scaled a new peak near $130 a barrel on Tuesday amid deepening worries over tight global stockpiles and signals from OPEC that no additional supplies are forthcoming to ease the crunch. Billionaire investor T. Boone Pickens said Tuesday he expected oil to hit $150 a barrel this year. The prediction came on the same day two investment banks raised their 2008 crude price forecasts and two weeks after Goldman Sachs said a barrel could fetch $200 by 2010. "There's a feeling that some of these forecasts of $150 oil might be right," said Peter Beutel, president of Cameron Hanover. "So why not buy it now, rather than later?"
[Read more stories about: oil issues, peak oil]

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The ApocaDocs say:
There's a feeling that some of these forecasts are telling us something.

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