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No way it will double, in fact I think it'll start going down after the summer - in the U.S. anyways. This could be one of those election year thing to stir people up.
Saudi Arabia announced that they will produce more.
The U.S. is thinking about drilling again - haven't done this in a long time.
Alternatives to oil are being studied - I think I read that U.S. decreased it's use of oil. There are techs that could burn coal without damaging the air.

No way that oil producing countries can continue to allow the prices to up.
I hope Venezuela and others will raise the price, so most of the western world don't have to depend on them. (oil and those countries)