Three Ways to Play Prediction That Oil Prices Will Reach $187 a Barrel

A plummeting greenback, inflationary fears fanned by the U.S. central bank and soaring global demand are combining to fuel a record advance in crude oil prices.

But the market madness of recent days is just the start. Crude oil prices will hit $187 a barrel within 36 months, translating into gasoline prices of more than $6 a gallon, and giving investors one of their biggest profit opportunities in decades, Money Morning Investment Director Keith Fitz-Gerald predicts.


That forecast runs counter to many analysts who are describing the current spike in energy prices as a speculative “bubble” fueled by fearful investors.

“Many people think high oil prices are a bubble. Maybe, but not for long and certainly not given the growth in global demand,” Fitz-Gerald says. “Of course, prices will not stabilize anytime soon. Savvy investors [will realize that] we are still in the very early stages of a generational game with the potential to be played for great profits.

Money Morning