 Over the last year, U.S. stockpiles of crude oil have grown dramatically. In fact, our inventory levels are now at levels not seen in over 25 years! So why do I think oil is still headed for $100 per barrel? In spite of the oil price collapse in 2008, the simple fact remains that the world is still running out of cheap oil. The super-giant oil fields that have sated our global demand for crude in the past are now starting to dry up. Cantarell's death-spiral has been cataloged for the last three years. Now, for the first time in nearly twenty years, Mexico's oil production is below 2.6 million barrels per day. Analysts have speculated that Mexico's production will be completely gone within the next 5-10 years. Even the mighty Saudi Arabia is struggling to keep up appearances. The Saudis recently announced plans to boost NGL production by 2 million barrels per day. What they don't highlight is the fact that this production is vital to maintaining oil production by re-injecting the natural gas into aging oil fields. In the end, nothing they do will save them from the effects of peak oil. Energy and Capital editor Keith Kohl believes $100 oil could be right around the corner. In his 2009 Crude Oil Forecast report, he offers investors a way to profit off of this upcoming oil shock. After getting your 3 Forks - Sanish Formation report, you'll begin receiving the Energy and Capital e-Letter, delivered to your inbox three times a week. In each issue, you'll discover the foresight and vision to exploit the stock and investment opportunities of the new energy economy.
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