Big Oil Will Shine Again When Crude Shoots To $200
Nov 12th, 2008 | By Andrew Gordon | Category: Oil Investment & Alternative EnergyCrude oil prices slipped below $60 a barrel yesterday, taking the black goo to a 20-month low. But that doesn’t change the fundamentals. Oil production is levelling out, and will soon begin to fall. Andrew Gordon expects crude to soar back toward $200 after a short pause. And Big Oil companies that are still investing in new projects will shine.