Don’t expect low oil prices to last, says Jeff Christian of the Stock Research Portal Newsletter. He expects $60 to $65 is a “reasonable target” for late 2009. And given an economic recovery, “There is not enough energy to supply what is anticipated in terms of real GDP. That means oil prices go back over $100 in a three-to-five year time frame and possibly a lot farther.”
Via Stock Research Portal (
http://www.stockresearchportal.com)