Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I've been wondering how the decisions made at the OPEC conferance
will affect the oil price..

I think that long term oil (and natural gas) will be winners. From memory the worlds oil stocks are being depleted at a rate of around 8% per year with new supplies coming on stream at a rate of around 6% per year (I'd have to check those figures but I think that is about right). This leads to a shortfall of around 2% which must eventually show up when the worlds economies turn round and demand increases.
The present oil price is low by recent levels and is bound to increase.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.