Guys it's a barrel, not a barrol nor a barril. Basic stuff.
The oil price will ease by the end of the year, futures curves are showing decline, as are certain indicators of demand - in addition, capacity is due to increase shortly Also do note that while the price of the black stuff has risen, the cost has done to to a lesser degree.
If you're interested, you can invest in oil - and indeed many of its derivatives, via ETFS, both long and short. You'll find the price movements far outstrip those at the petrol pump. It's another bubble, as were dot coms, property, all the way back to the South Sea bubble. Profit from it rather than welcoming in the end of the world.