Oil's Tipping Point

Watching MSNBC, watching for me is in the background of my office with it muted and catching passing glimpses of what's going on today, I saw that oil did a big jump today. $115 a barrel. That's a lot of price for the product. It got me to thinking once again of what the tipping point for oil will be. Not the positive, but for the opposite. What or where is the pricing going to hit before consumers reject it, make actual lifestyle changes and thus oil prices tip or begin falling?

This is a tough call based on the fact that American life is spread out. There is a specific distance that people HAVE to travel in order to get to work. They have to make money, no doubt and the majority of Americans do not have the luxury of a telecommute. Even in my line of business, I have that luxury, but I choose to also have an office. I have to, to keep family and work separate. To have a battle room to concept all the ideas I have to develop. To have quiet for finishing projects. Again, this is a luxury of sorts, but I have to travel to my office in order to make a living to pay bills and Uncle Sam's cut.

Back on the point...I am not an analyst or an expert by any means, but my thought has been for a while now that it will be around $120 to $125 a barrel. I think this is the tipping point.

What do you think it will be?