Energy Prospectus

An article in this weekend's Barron's concurs with your oil shortage scenario for the latter part of the year. In fact, it reiterates just about everything you have said vis a vis Opec being unable to make up for the shortage; ditto USA. It calls for a possible $100/bbl by the end of the year. Lastly, the author says this pullback is a buying opportunity.

The global oil market is much tighter today than it was when the oil price was over $100/bbl and it is going to be MUCH TIGHTER in six months.