INSANE: Oil Price Per Barrel Breached US$130

Update 22 May 2008: US$135.09 per barrel.

Oil prices today peaked (based on Reuters.com's latest update) at US$130.05. In the same article, a billionaire mentioned that oil could reach US$150 a barrel by the end of the year. *GASP!*

Previous 10 posts about oil:

1. INSANE: More Oil Uptrend
   
2. INSANE: Tanker Attack Brings Forth US$117 Oil Breach
   
3. INSANE: Latest Oil Peak
   
4. INSANE: New Oil Record
   
5. INSANE: I Lost Count How Many Times Oil Price Set A Record This Year
   
6. INSANE: Oil's Unrelenting Upward Trend
   
7. INSANE: Oil Tops My Previous Post In No Time!
   
8. INSANE: Oil Surged Past US$108
   
9. INSANE: Oil @ US$103.95?
   
10. INSANE: Oil Topped at US$102.80