Perhaps it's just my comprehension skills, but where in that passage does it say that oil prices ARE FORECAST to rise to $93.40 a barrel?
As I read it, they are merely making the observation that current levels aren't anywhere near the high (in comparative terms) of previous oil price spikes, when the price reached the EQUIVALENT of $93.40.
The trouble with the current oil situation is that it is in the best interests of a lot of firms to talk up the oil price & make rash predictions, most likely because they are looking to profit financially from such a situation. A such, why would they try to get people to analyse the situation rationally...?