Will the barrel of crude oil go back down to maybe $40 (at least) so we can get decent prices at the pump?

I remember the in 1999 when the barrel of crude oil passed above $30, it was a very big deal, now, we are close to $150, will the prices ever go down again or do we have to get use to these prices?? Because demand is higher than ever, therefore production is higher than everWill the barrel of crude oil go back down to maybe $40 (at least) so we can get decent prices at the pump?
I am certainly no expert. But I do know there are some people earning a shitload of money over this. And I don't think they want things to go back the way they were...





Besides that. Right now the OPEC countries (middle east) controls the price of crude oil. However, one day their reserves are gonna be gone.


Shortly after that I am assuming the United States will open up their reserves (Texas ain't dry yet and Alaska) and pick up were the OPEC left off... They probably gonna raise the price even more.





And NO, I do not think price will ever go that low again. Unless the hydro engine goes into production, but then you won't have any need for crude oil anymore...Will the barrel of crude oil go back down to maybe $40 (at least) so we can get decent prices at the pump?
NO...very impossible that the oil price will go back to the normal price of $40....





OIL is very in deman to all nations who are mostly oil generated consumers....





without oil i dunno what will be the country can do.....





AND





if war is always around, just expect that oil prices will be affected too...
It depends how much of the oil price is currently driven by investors (people who have bid on oil futures with no real use for it). If this value is high you will see oil prices tumble radically. This happened in the DOT.COM bust, and in the housing market. With the dollar losing value people are looking for places to invest that are making money. The problem is that when people buy things that they are not going to actually use it inflates the value of what ever is bought beyond the law of supply and demand.


How ever oil will not go back to much earlier prices because of the law of supply and demand. China, India, and many other countries are becoming industrialized. They are using more and more oil in it's many forms. Oil is not just fuel, it is also a incredibly huge number of petrochemicals that includes most all plastics. As these countries require more and more oil the price will continue to increase. Oil may also become harder to get out of the ground, further increasing the cost. To truly decrease the price we have to have less demand or more of it. We need to find either an alternative or another source when this happens oil will become much cheaper.
Oil prices will not go down any material amount until we as Americans accept that we need to DRILL for the oil we have instead of buying it on the open market.