The Rising Influence of Rising Affluence

[DewDiligence]

Barron’s interviews an oil bull:

http://www.barrons.com/articles/get-ready-for-a-shaky-eu-and-higher-oil-dollar-and-gold-1448082682

The risk profile for oil prices is changing pretty rapidly. We think the risk of a conflict is going to build very fast now in the Middle East. There is no premium in the oil price whatsoever. There’s a new sheriff in town, Vladimir Putin, and he has an interest in higher oil prices, not lower oil prices.

…Next year, assuming the dollar begins to fall, we think [WTI] can trade up to around $70 or $80.

— Larry Jeddeloh, author of The Institutional Strategist