The price of oil – and gas – could stay low for another two years.
So how do you invest in this low-priced energy environment?
Hugh Anderson is with High Tower Las Vegas, a financial consulting firm.
We spoke about the main causes of low oil prices – namely Saudi Arabia not cutting back on production – and the US increasing production thanks to the shale oil boom. All my research says this will last for another 2 years.
He also thinks that shale oil has many more technological advances on the horizon that will keep oil prices low -- especially since shale oil and fracking is now just a US phenomena. Wait until other countries jump in. The supply of oil could be higher and prices could stay low for years -- maybe decades.
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