Energetic Disagreements on Oil

Four experts weigh in on where heated prices are headed. They agree on OPEC’s lack of market influence — but little else. With crude-oil prices hovering near $60 a barrel since June 17 and around $50 a barrel off and on since February, oil and energy have been the favorite sons of many a stock-picker. But the question that keeps those successful investors awake at night is: How much longer can it last?(…)Lynch: The fundamentals really don’t justify current prices, and you could argue there’s a $20 speculative premium on the price right now. Last year, there was more of a security premium and a tight market, but that’s not true anymore.

BusinessWeek