Oil Prices Expect to Drop

While there has been a great deal of worry that oil prices, having tripled from $25 a barrel to $75 since 2002, will continue to soar indefinitely, many analyst are now expecting oil to fall back to $50 dollars a gallon over the next few years.  Increasing speculation over turmoil in Iraq, Iran, and Nicaragua have alleged driven prices over their actual value, while simulationeously spurring significant increases to development in places such as Saudi Arabia.  Given that the airline industry expects to lose $3 billion dollars in 2006 due to fuel costs, this could be very good news.