Oil at $90 per barrel

We've all heard about the possibility of $100 per barrel oil from the experts, but it seemed so impossible and so far away.....

Oil prices surpassed $90 a barrel for the first time Thursday as the falling dollar drew new foreign investors and speculators to dollar-denominated energy futures.

Props to the AP for mentioning that the collapsing dollar is playing a part.

(And, just as a frame of reference, in March 2003, on the eve of the Iraq war, oil was $ 35 per barrel.)