Agoracom Blog

$100 Oil In 2007 Is A Real Possibility

Posted by AGORACOM at 7:37 AM on Monday, July 23rd, 2007

The concept of $100 oil used to seem as unreachable as a .400 batting average or $1,000 gold – but the options market and several people smarter than me are now saying it is a real possibility in 2007. In this Bloomberg exclusive, analysts from Goldman Sachs and CIBC World Markets point to both current supply and demand (very low, very high respectively) as the basis for their conclusions.

More than just words, a record number of options have been sold that give the buyer the right to buy crude oil at $100.

I highly recommend reading this article and then taking a closer look at small-cap companies that would benefit from such an event. For our part, EcoMax Energy Services is one such small-cap. They are a client but their financial performance speaks for itself.


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