A while back i wrote a piece telling anyone who would listen that this dip in the oil price will not last and that all and sundry should have pure oil based stocks in their equities portfolios in anticipation of the next leg up.
Today whilst perusing my usual websites for thought provoking pieces to enlighten us all and make our lives that little bit better i found this piece that is calling for oil to $300 a barrel. Now i am not a guru on any market let alone oil so i am not sure what level it will eventually get to, but oil is a strange market in which the holders of all the cards can decide how much they want to let out into the market, not to mention the whole peak oil argument.