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54Analyst: Price of oil in 2020? $300 a barrel

Energy analyst Charles Maxwell of Weeden & Co. sat down to discuss peak oil, alternative energy and the future cost of a barrel of crude with Index Universe managing editor Olivier Ludwig recently. Maxwell, a man who has been involved in the oil industry for more than half a century, is pretty sure that peak oil is nearly upon us. Maxwell's vision of a world forever changed by dwindling petroleum supplies is startling, so let's hope it's not entirely accurate.

38One analyst's view: oil should cost just $10 a barrel

It wasn't all that long ago that barrels of oil cost around $10. One energy analyst quoted by CNBC, Peter Beutel, the president of Cameron Hanover, thinks that a fresh, crisp Alexander Hamilton is just about what a barrel is worth. His reasoning?

50Oil price hits 17-month high thanks (?) to economic recovery in the U.S.

Two years ago, the price of oil was shooting to highs of over 100 dollars a barrel. Today, it's not quite that high, but the price of a barrel of crude did hit $86.62 this week, its highest point in 17 months, thanks (?) in part to "growth in American jobs and service industries signaled that the economy is recovering," as Bloomberg put it. A related increase came in the S&P 500, which went up 0.8 percent to 1,187.44.

22Considering the crazy: will $30 barrels of oil come back?

While it's certainly possible to run automobiles on natural gas instead of gasoline (see the Civic GX), there is a decided lack of natural gas vehicles in the U.S. This might become a problem that needs solving, quick, if an analysis in Ground Report turns out to be accurate. The fear? That the price of oil will plummet from its current price of around $70-$75 to $30.

43Oil back below $88 on Monday

Simply put, the U.S. economy is in the crapper. Stocks are yoyoing and our mortgages are a fraction of what they were even a year ago. For all that's fiscally wrong here in the States, there is one pleasant side effect: the price of a barrel of oil is dropping faster than Kimbo Slice against a two bit hack. Oil dropped 6% in trading on Monday, bringing down the price of a barrel of crude to $87.81. Black Gold has been on a downward trajectory since July 11, when it peaked at $147 per barrel. Sin

37Oil hits $100 a barrel for first time ever

I'm not an investor nor into playing the markets, but I'm staring at a graph right now showing that the price of a barrel of crude oil on the New York Merchantile Index hit $100 shortly after noon EST today, and even I know that's kind of a big thing. This is for the price of crude oil futures for February delivery, which we hope a business major will explain in the comments, but nevertheless marks a new all-time high for the cost of crude oil and that's news. It's been close to $100 a barrel a

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