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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 | ContinuedWarning from My Energy Insider…
I’ve been corresponding with an acquaintance who works at the National Science Foundation. This guy (“People call me Jimâ€) is one of the smartest people I’ve ever met. And he asked me to note that he is speaking from his own personal views, and not on behalf of the NSF or the U.S. government.
Jim has a background in applied mathematics, electrical engineering and neural networks. He’s been involved in energy research since the 1970s. In terms of long-term knowledge of U.S. energy policy, Jim is a national asset.
Jim is an acknowledged expert in the fields of electricity generation and transmission. This…
3Jul2008 | Energy and Oil | Comments Off | Continued
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