Only A Recession Stands in the Way of $200 Oil

And it will be difficult to keep prices from moving even higher as investors start piling on the oil bandwagon, particularly when they see most of Saudi Arabia’s much touted four million a barrel a day excess capacity is largely of the fictional variety while, at the same time, noticing how little effect monetary tightening is having on restraining China’s exploding fuel demand.

http://www.jeffrubinssmallerworld.com/2011/03/02/only-a-recession-stands-in-the-way-of-200-oil/