Bubbles are for gum not for oil

So my big question is what is going to happen with the cost of oil per barrel.  Is the price going to continue to rise?  I was hoping oil would drop again so I can put some money in it when I get some.  But with China and India drinking oil like 48 brighton drank bad beer it seems like the current price is just a respite on its way even higher.  So I was curious on your thoughts on the current oil "crisis".  It seems to me like mother earth is getting karmic retribution in the markets.  I would say that the prices are good for us but with the developing nations using more and more it is not doing much help t all if we reduce our consumption.  

-Zachary