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Why Crude Oil Will Present Investors with a Golden Opportunity in 2009
Oil prices have fallen 70% since hittinga record $147.27 a barrel in July, which means in just five months, crude has given up all the price gains it made in the past four years.
After such a wrenching plunge, many analysts believe the outlook for the “black gold” remains bleak – and in the short term it certainly is. In the long run, however, dwindling supplies, resurgent demand, and a lack of investment will cause crude oil to double, triple, or even quintuple in price over the next few years.
In fact, the Paris-based International Energy Agency (IEA) – energy advisor to…
29Dec2008 | Money Morning | 0 comments | Continued
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