Well that's what one leading international market commentator thinks.
Professor Paul Stevens, from the University College of London says crude oil could crack $US 200 within the next 5 to 10 years - but more likely closer to 5 years.
He blames national and international oil companies for their inadequate investment in hydrocarbon exploration - development and infrastructure over many years as the main reason for the prediction.
In the shorter term, Stevens expects the oil price to fall further - but as the world emerges from recession, and oil demand begins to grow again, the recent inadequate investment in the industry will lead to what he calls, a supply crunch.
