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80 Oil Before 2016
By Keith Kohl | Friday, April 17th, 2015
Keith Kohl
Mark my words: By the end of 2015, oil prices are going higher.

Way higher.

And once they do, so too will the shares of companies throughout the energy sector.

Services firms, drillers, tankers, pipeline companies, and all the rest stand to gain from the rise in prices I expect to see by 2016.

In fact, I wouldn't be surprised if we saw prices rise back to normal levels in the third quarter.

Don't get me wrong; oil may not go back up to $110 per barrel like it was before the crash, but it could easily hit $80 or $90 per barrel by the end of the year.

And that's the kind of rise that will move stock prices and bestow fortunes onto investors who buy in time.

Part of my rationale for this “bold” prediction involves the recent history of oil prices.

Take a look at this chart...

OilCycle

As you can see, in 2008 and 2009, oil saw an even bigger price swing than it has over the last seven months. It moved from $143 for a barrel of Brent crude all the way below $40 per barrel.