When the global recession ends in 2009, all of the factors that drove oil prices to record highs last summer will again be exposed… and oil prices will again hit triple digits.
Here's why oil prices will rebound and the six oil plays the best investors are making now while oil prices are at historic lows…
Enjoy oil prices now while they're cheap, because a cadre of analysts is calling for oil to rise as much as 113% in 2009.
Among the many reasons oil producers, importers and exporters are bracing for a serious oil price hike:
The "easy" oil has already been found. The world's largest fields are declining - from the Persian Gulf, to the North Sea, to the Gulf of Mexico, to Alaska. Two major oil exporters - Indonesia and China - have begun importing oil. New growth in Asia is demanding nearly 10 billion barrels every year while… There's hasn't been an "elephant oil field" discovery (one that yields at least 1 billion barrels) in 40 years. This report outlines - in plain English - when oil prices will begin climbing again… and how high the top oil experts say oil prices are going to go in 2009, 2015 and 2030.
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SAE Price at posting:
8.7¢ Sentiment: None Disclosure: Not Held
