Editor's Note: Kent is releasing his oil and alternative energy forecasts for 2016 today and tomorrow. Oil has settled at seven-year lows over the past 48 hours, but he's predicting a double-digit move to the upside by the summer. And, as you'll see tomorrow, his outlook for solar and other alternative, renewable energy investments looks even more profitable. Now here's Kent…
Extreme volatility and downward pressure have brought the price of crude, as tracked by the United States Oil Fund LP ETF (NYSE Arca: USO), down more than 40% over the past six months.
At the same time, we've seen remarkable economic and technological developments in the price, availability, and usage of alternative and renewable energy sources like solar, wind, geothermal, and even nuclear.
But oil still tends to dictate terms for energy prices across the board – not because it's the driving force it used to be for actual energy usage, but from the way it's traded.
This complicated relationship can make the overall energy picture cloudy and tough for regular investors to navigate. And that can add up to lost profits and opportunities.
So here's the clarity you need to make money in oil and energy investing in the coming year…
Beaten down as the spring rally faded this summer, the oil price bulls have taken their ball and gone home. In fact, scouring recent headlines, we can't find a single instance since July where a big name oil forecaster has made headlines with a bullish call. Meanwhile, WTI is up 28% from its August lows and approaching $50.
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