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Recession talk is likely to get louder after the holidays. U.S. economic slowdown will be the primary story of oil prices and global demand in 2008. In the meantime, prices may touch $100, but I don't think sustained $100 oil and another big jump in prices above $100 is going to be the big story of next year.
Dont worry. We'll see $100 very soon, maybe within 20 days.
There will be a new war - on Kosovo. The Albanian minority in Serbia (but majority in Kosovo) is preparing to declare their full independence, on 10th of December. This will be backed up by the USA and some EU countries. Result: clashes between Albanian and Serbian paramilitants.
I am not saying this conflict could shake the world, but it will be significant enough just to move the oil price a few percents higher, crossing the $100 mark.