Oil has surged past and held above 120 with no end in sight to a continued rise in oil prices. Now Goldman Sachs is predicting some kind of super spike in oil before peaking, calling for a potential spike to $200/barrel before it’s all said and done. The big question I suppose is at what price do people actually begin making concerted efforts towards alternative transportation means. That’s happening now with the rising popularity of electric cars, but certainly not embraced by the masses yet.
