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![]() Real Wealth #262 06/07/2010 Former Shell Oil President Predicts $100 Oil late this year...Middle East War Looms!Dear Gold and Energy Subscribers, In an interview with Yahoo Finance Tec Ticker, former Shell Oil President, John Hofmeister, says that he expects within the next 5 to 10 years we will see peak oil production from “convenient and easy oil” sources, and what will be left will be “higher risk and higher cost sources of gold.” Yet, Hofmeister also believes triple digit oil i.e. $100 oil could come again as soon as late this year or next year if there is any increase in oil consumption world wide.
Hofmeister’s comments re-enforce our conviction that oil prices are at near the low end of the current range but that we will see a substantial increase in oil prices in the next 12 months, which means that the oil companies I have been recommending in the Gold and Energy model portfolio are out right bargains. Many of which could increase by 50% to 100% in the next 12 months.
The announcement by the Iranian government that it plans to
deploy its revolutionary guard to escort ships through the Israeli blockade has
triggered a $23 jump in the price of gold today. I dare say that if the
Iranians believe this will back down the Israelis, they’re smoking too much of
the heroin they’re producing in ------------------------------------------------------------- Learn How to Put Gold In Your Self Directed IRA Call 1-866-697-4653 -------------------------------------------------------------
The Israelis are not blocking humanitarian aid. They have no
problem with allowing humanitarian aid into the
The Iranians are in violation of UN treaties and cease fire
agreements and have been routing arms to Hammas and Hezbollah in
A short war will have a very acute impact on the financial markets. A longer war could send the equity markets into a tail spin and gold much higher, perhaps fulfilling my $1500 prediction. The impact on oil prices would also be substantial – maybe catapulting oil prices as high as $90 per barrel. Stay tuned. Best Wishes, James Di Georgia Editor/Publisher P.S. Check out my www.GoldandEnergyOptionsTrader.com The profits keep piling up! Please see risk disclosure link below. |
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