Goldman Sachs has stated a target price for a barrel of oil at $141 in the 4th quarter.
I believe we will see prices at the pump at $5 by mid July. If anything happens with Iran like their gun boats approaching American War Ships, and gets blown out of the water oil will go to $200 maybe even overnight. I believe this is their reasoning behind these tactics, this empowers them and Russia with higher and higher oil prices thus weaking us. Unlike us Oil is really their number one commodity, and they feed off it daily. For the right price a suicidal International incident may even be on their drawing board......American presence in the MiddleEast is a thorn in the Muslim world, but it gives Iran a wonderful diversion. After all is this not the real reason we are there, to get a strong hold on MiddleEastern oil?. I don't see it ever happening, but I do seen gas prices continually rising at the pump, just look how much its risen over the past 5 years.
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