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Upside to Oil Stocks?
Posted on June 25, 2008
Oil prices continue to soar. The oil price boom over the last several years shows no signs of stopping. While oil traded below $20 per barrel as recently as 2002, oil prices have skyrocketed over the last 5+ years to reach levels above $130 per barrel. This represents a +500% increase in oil prices and helps to explain why prices at the gas pump have risen so sharply in recent years.Fundamentals suggest oil prices may rise further in the years ahead. While some on Wall Street might believe that oil prices are unrealistically high and will eventually come back down, the underlying fundamentals ...
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