Oil - Light Crude - Continuous Contract (OILCRUDE)

[Pro-Life]

2014 Predictions from Some of the Smartest Market Watchers
http://finance.yahoo.com/blogs/the-exchange/2014-predictions-from-some-of-the-smartest-market-watchers-165002561.html

Gregor Macdonald (TerraJoule):
www.terrajoule.us

Oil will finally begin its next repricing cycle late in 2014. It will begin quietly, and will bring together many of the same factors that led to the previous repricing, which began in 2003. Spare capacity, the cost of the marginal barrel, and the continued decline of the cheap barrel will all confront a new upswing in global demand. The upswing in demand will largely be led by a return to global growth, even as renewables and the powergrid will become the main avenue for global GDP. Oil's next repricing will not be as dramatic in percentage terms. But the road to $150 oil begins in late 2014.