RE:oil price targetsTrek, right you are - who really knows where oil can go. Right now it is very much divorced from reality and trades on fear. Plus reliable data, even from the EIA, is hard to fanthom.
I am inclined to short oil in that I do think it is too high and there is lot more out there and coming than is generally believed. (Note this Mr. Duck). However a stuck freighter in the Suez, a rocket hit on a Saudi refinery, some Russian sabotage, etc. etc. could send it sky high and in a short position thus be disasterous.