Oil Price "May Hit $200 a Barrel"

This article cites different factors at work right now causing a super-spike where oil is $200 a barrel.

To put that in context, it's currently about $120 a barrel, up 400% from 2001 and have increased 25% in the last 4 months.

I can appreciate it's not for reasons of peak oil here (although who really knows if we have falling production) but the spike could be a taste of what is to come and if ity happens is expected to hit the economy.

Read the story here.