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May 10th, 2008 - By Ian Cooper
When supply finally eclipses demand, which will happen when ordinary consumers can no longer afford energy costs, then we'll see a reversal, says Energy and Capital editor Ian Cooper...
Murti's the Goldman Sachs guy that called for the unprecedented move above $100 just three years ago.
And how did Wall Street react?
They laughed at him, thinking it was nothing more than a Goldman publicity stunt. He first predicted a rise above $105 back in March 2005, as oil traded around $60.
Yep, for the better part of three years, his call was ridiculed. Even as oil made a pass at $70, $80, $90, $100, $105... even $110, all we heard was how the price of crude would soon collapse, as they laughed at Murti.
But Murti wasn't laughing. It was no joke. And he wasn't alone in his thinking. We called it, too, right here in Energy and Capital...
Today, energy is at a global crossroads. The International Energy Agency (IEA) estimates a minimum of $20 trillion needs to be invested over the next 25 years to meet surging energy demand and to offset the declining reserves of the world's major oil fields.
There is, however, a solution to the looming energy crisis--a solution that will encompass numerous energy technologies and practices. The blueprint for success will not only include alternative and renewable energy, but the economic harvesting of remaining and unconventional oil sources as well.
Within that blueprint for renewable energy and sustainable energy use lies the most profitable investments this century has to offer. These are the energy stocks and investment strategies that fully exploit the "New Energy Economy." And Energy and Capital's editors and researchers bring them to market each and every day.
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The forecast goes against thinking that slower global and U.S. economic growth will drag oil below $100, but any thing's possible these days, says Energy and Capital editor Ian Cooper. » Read more
Today, Energy and Capital editor Keith Kohl continues his look into the newest ways to play the Bakken oil formation. » Read more
Energy and Capital editor Sam Hopkins shows you why OPEC is here to stay. » Read more
Energy and Capital editor Chris Nelder looks at the process of accepting peak oil through the lens of Elisabeth Kubler-Ross' stages of grieving. » Read more
Energy and Capital editor Jeff Siegel investigates who's to blame for high gas and energy prices and looks at new renewable energy standards. » Read more
Energy & Capital editor Nick Hodge discloses why, unlike Big Oil, the declining dollar is not hurting the solar and cleantech markets. » Read more