“Absent supply disruptions, it will be difficult to sustain oil prices above $100 (a barrel, in 2008 dollars) over the next 10 years.”
–Dallas Fed researchers Stephen Brown, Raghav Virmani and Richard Alm
While I do not agree with all of their conclusions, I love any research piece that is cogent, well written, and filled with chart porn!
Crude Awakening: Behind the Surge in Oil Prices
by Stephen P. A. Brown, Raghav Virmani and Richard Alm
Federal Reserve Bank of Dallas, May 2008