On Street Insight (an expensive subscription site, part of TheStreet.com), Bill O'Connor provided an excellent discussion and link to Don Coxes's commentary on future oil prices. While I will not repeat O'Connor's commentary, I will provide the link.
Don Coxe is Global Portfolio Strategist of BMO Financial Group, and Chairman and Chief Strategist for Harris Investment Management in Chicago. He provides an excellent commentary on future oil prices. You can listen to his comments by clicking on the link Don Coxe's commentary. You will be asked to indicate your preferred media player and then your state or province. After answering those two questions, you will be able to listen to his commentary. He also has notes, but unfortunately the file is incorrectly named without the pdf ending. So if you click on Don Coxe's notes, save the file to your computer, and then rename the file with a pdf ending, you will be able to view the contents.
I highly recommend you listen to the audiocast and read the notes to better understand future oil prices.
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