In the May 31 - June 6 2010 issue of Bloomberg Businessweek is an report saying that the world price of oil will peak between 2015 and 2020... It will reach $150 to $300 a barrel.
Another important factor to take into consideration is future government regulation that will be taking place after BP's oil spill in the Golf of Mexico. Government regulation could lead to higher prices as well as an increase in the consumption in foreign oil.
Right now the price of oil is $73.43. If you buy one barrel at this price and then it goes up to $100 you will be making a return of 36.18% in your investment [(100-73.43)/73.43]. However, there are other things to take into consideration like the increase in the technology for electric batteries for cars as well as the movement to a more green economy. Thus, it is important to keep an eye on alternative energy investments.
