According to a report in the Insider online business magazine, Brent crude prices are expected to hit $68 per barrel. Prices have been above $60 per barrel for several months now and the BP Chief Executive anticipates current production costs of $15 per barrel to fall even lower:
In January 2016, the price of Brent crude had fallen to as low as $27.67 per barrel.
I gather higher prices are still not on our MSM radar? Several informed experts have predicted even higher prices and perhaps a return to $100 per barrel:
Further, there is now strong evidence that peak oil will not pass for another 30 years giving Scotland adequate time to build up a fund comparable to that of Norway.