Could we see $100 oil in 2018?
Meanwhile, energy-related equities have lagged creating a tremendous investment opportunity. Over the last decade, conventional oil discoveries have lagged behind consumption by 250 bn barrels, and investors seem to think that shale discoveries will fill the gap. We take a contrarian view here, US shales will not be able to make up the shortfall.
Read Goehring & Rozencwajg’s Q4 2017 Commentary to learn:
- Additional research on our contrarian stance from 2016 on Oil. Is 2018 the year?
- Why India may be the next major source of commodity demand growth
- Market insights into precious metals, global oil and natural gas
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