Wednesday, February 15, 2012

Marc Faber: Oil has further upside potential

Marc Faber: Oil has further upside potential. Long-term demand is there. Per capita consumption in India and China is low and will increase. Supplies might be rather limited. Oil is around $100 a barrel now. How high it goes depends on how much Mr. Bernanke [Federal Reserve Chairman Ben Bernanke] prints. If there is a disturbance in the Middle East, the sky is the limit. - in The Barron's 2012 Roundtable


Related Posts Plugin for WordPress, Blogger...