You can't say never. People and markets are stupid. Eventually the price will break. Just like it did before and before that and before that. At some point the sellers price it to high and break their buyers.
I doubt we'll see $40/bbl ever again. Only possibility is a world-wide recession where demand drops off dramatically. With China and India in the picture, can't see that happening.
Yes this is a trick question. Oil can hit $40 if US goes into hyper inflation and redenominates $s like $1000 = $1. http://en.wikipedia.org/wiki/Redenomination#Redenomination
You're right... The only reason I'm posing this question is because I'm trying to will the market back down to 40.. I shorted all the way up...on every 5 dollar rally... I want to see how many 'Get Real's' I get before I realize that you are all wrong...
I think after it hits $160 a barrel OPEC will do a 4 for 1 split sending prices back to $40. The more realistic question is when will OIL hit $200 a barrel. T-Boone estimates $150 a barrel within 2 years.