Doug Casey, the famous investor and best-selling financial author and entrepreneur is bullish on oil.
He said in an interview that "I don`t think oil will stay where it is. I think oil`s eventually headed back to 150 dollars a barrel or more". Doug Casey added "I would say that oil is a good thing to own. Oil is a real buy now. It is as good a buy at 40 as gold is at 900 right now. Maybe a better buy"
Doug has written a monthly investment newsletter, The International Speculator since 1979.
Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrader.