Alternative Investments Review

Prediction: Oil prices will spike in the near term with continued global unrest and a greater focus on speculation. The speculation component in oil prices will have an effect on the volatility and not the underlying price.  Therefore, the price for crude will have much wider swings in price. Global unrest will not evaporate as a concern and any strike on Iran will send prices into the stratosphere.  The good news is that new reserves are being discovered in friendly parts of the world (Greenland, Brazil etc.).   Also, Canadian tar sands only run $45 a barrel to produce and oil shale in America will likely play a role within the next 3-5 years.  In a nutshell, crude should be at no more than $65 a barrel when the dust settles.

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http://www.alternativeinvestmentsreview.com/

Jim Sutliff

Oil prices conitnue to move higher and into record territory.  The effect is being felt by the overrall stock market.

To view a related article, please click here:

http://www.forbes.com/home/feeds/ap/2008/05/07/ap4981171.html

Jim Sutliff

Global warming has helped to reveal large deposits of crude oil in Greenland.  In an ironic twist, global warming seems to have been an aid to the discovery of oil deposits in Greenland.  The initial thaw in the 1990s allowed for the discovery when oil was found seeping out of the rocks.  The amount of reserves on one coast is estimated to be over 50 billion barrels.  The slightly warmer climates in Greenland will allow for further exploration as well as more oil rigs.

To view a related article, please click here:

http://business.theage.com.au/thaw-exposes-greenlands-oil/20080327-21uo.html?page=1

James Sultiff