After hitting $147 a barrel in 2008, oil has lost almost two-thirds of its value and many believe cheap oil is here to stay. Bruce Pile says the shale oil boom has only temporarily saved us from an era of chronic high oil prices. If he is right, this is a good time for those with a 5 year investment horizon to increase their exposure to oil.
After hitting $147 a barrel in 2008, oil has lost almost two-thirds of its value and many believe cheap oil is here to stay. Bruce Pile says the shale oil boom has only temporarily saved us from an era of chronic high oil prices. If he is right, this is a good time for those with a 5 year investment horizon to increase their exposure to oil.
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