Will oil really hit $200?

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Bloomberg carried a story today saying some of the hottest oil investments are options on the New York Mercantile Exchange
to buy oil for $200 a barrel. Presumably at least some investors think oil prices are going to double.

Weâ??ve already seen oil prices nearly double in just the past year.

Are these investors crazy, or are they crazy like a fox? Which direction do you think prices will go?

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