Oil prices are going to remain high for the forseeable future unfortunately.
Israel is predicted to bomb Iran some say by the summer time, in order to prevent Iran from developing their nuclear energy plant. Israel has sent out communications to many European synagoues (sp) and diplomatic personal warning them to increase their security.
Israel simply will not allow Iran to develop nuclear weapon capability. regardless to what the rest of the world will think.
So my thought is that, either Iran agrees to UN inspections to prove it is not weapon grade material that they are developing (highly unlikely) or Israel will attack them (most likely).
Iran has already said that if Israel attacks them, they will consider it a direct act of aggression from the U.S.
speculators are having a freaky meltdown which is going to drive the prices up.