Investor Insights

The peak oil theory was wrong back in 2008 when oil hit $147 a barrel and the world trembled. The end of oil is almost as incorrect today - though its power has changed forever. Oil won't go to $10 - probably not even $20. Instead we stand by what we have stated for 18 months. A new price range between $30 and $80 for decades to come - give or take a few bucks. In the end, oil will slowly become a relic as Generation Y births new power sources and wind, solar, battery and hydrogen take more and more of the market in coming years.