As for the U.S. – the biggest oil producer and consumer in the world – oil production peaked in 2015 at 9.4 million barrels per day. That’s the most since the 1972 high of 9.67 million barrels. Clearly, oil production can only grow so much. So when the massive new demand from China and India hits… it should blow way past supply and keep on climbing… Absent a geopolitical event that directly affects supply, oil prices may well bounce along somewhat range bound for another year or two. It is difficult to time the upswing. But one thing is certain: As China and India develop, oil demand will climb .
The peaks will be higher and the lows will be higher as demand outpaces production. We will see an extended oil price BOOM.
As we’ll show you in this book…
$500 per barrel oil is not just realistic. It’s probable.
Your portfolio needs to be positioned to catch the upswing.
OUR PROJECTION FOR OIL $500 THE MARKETS WILL CONTINUE TO BOOM AND BUST DUE TO FUTURE ADVANCES, DISCOVERIES, AND GEOPOLITICAL EVENTS... BUT THE GENERAL TREND IS UP
$500 OIL
$300 $350 $400 $450 $500 $150 $200 $250 $0 $50 $100
Booms along the way due to geopolitical events
Busts along the way due to technological advances and new discoveries
EIA projects $200 oil by 2035
$50 oil today
PROJECTED
1910 1900 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 2020 2030 2040 2050
www.stansberryresearch.com
Source: BP Database, Quandl, Morning Money Crude Oil Price History
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