Oil will not stay above $80 per barrel for "long". It might stay there for 6 months to a year but no longer than that.
The US 5 times the oil in the tar sands than the entire Middle East has but it costs about $80 a barrel to extract it. OPEC knows this and will drop the price everytime the US gets serious about tapping that resource. After a year of high prices they'll roll the price back and count their profits. Meanwhile anyone that spent money to extract oil from sand tar will go broke competing against cheap imported oil.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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