The Bear Market in Oil Is Over
On December 16, 2014, I published an article for paid members of my GaryNorth.com site: “Saudi Arabia’s Oil Strategy.” I wrote the following about West Texas intermediate crude oil prices: WTI oil hit $37.51 in February 2009. This was in the midst of a major recession. It was back to $80 by late December. I do not see a crash coming next year. The economy worldwide is not strong, but this is not 2008. If WTI gets to $45, it will be a buying opportunity for energy stocks. My guess is that a $75 to $80 price in a year … Continue reading →