OPEC is meeting to see what they can do about getting oil stabilized from it’s current price in the mid $60’s a barrel. They will probably cut production and get the price back up to the $80 a barrel range.

When the world economy does rebound in a couple years, the resulting oil spike could be monstrous. With supplies continuing to dwindle, oil could quickly get up in the $150 to $200 a barrel range, which would put a huge drag on economic development, but would be a boon for alternative resource research and development.