If oil hits $100 in 2008 as predicted by CIBC then the oil companies are going to be making a killing. Will the oil companies still claim they are getting the short end of the stick if Alberta still wants their “Fair Share”?

NEW YORK (AP) — Oil prices could top $100 a barrel by the end of next year and remain above that point for years to come, the chief economist of Canadian investment bank CIBC World Markets said Tuesday.

Jeffrey Rubin said rising demand within oil-rich nations, such as Mexico, Venezuela and Saudi Arabia, will put pressure on global oil prices in the coming years. That, combined with the increased cost of pulling petroleum from reserves deep under the sea or wringing it out of oil sands in Canada, will keep oil prices high even if demand in the Western world remains constant.

Source: CNN Money