Reuters poll on Oil and Gas 2015:
"The survey of 30 economists and analysts projected Brent to average $74 a barrel in the next year and $80.30 in 2016. The forecast for 2015 is $8.50 below the average projection in the previous Reuters poll.
The November poll number were down $11.20 from October, marking the biggest downgrade in average forecasts since the 2008 global downturn. Brent has averaged $100.57 so far this past year.
As non-Opec production responds to lower prices, oil is seen to be recovering in the second half of 2015, while demand picks up in the course of the year, the poll showed."
Oil and Gas stocks are at bargain today from overreaction by the Market. A correction is very likely in the first half of the year, and will lead to smart investors capitalizing on the Market by weathering the slump in todays prices. Long term forecast show substantial increases in the next 25 years as emerging markets such as India and China require more fossil fuels, making todays global output to fall well short on demand.
