Saudi Post Oil Plan, 25/04/2016, Oil to go UP!

Are Saudi Arabia getting nervous?

I think so. Saudi Arabia houses the worlds largest conventional oil field, Ghawar. If the Saudis are drawing up plans for the so called 'post oil' era, supply could be cut short. Demand will largely outstrip supply and the price of a barrel will increase considerably in the coming future. I am investing a portion of my money in oil, after all, the world will never stop needing oil! I don't think the glut that we are currently in will continue much longer as people are increasingly aware of the environmental hazard hydraulic fracturing is to our groundwater supplies. This will also increase the price as it has only dropped to the low $40-45 dollars per barrel that it currently is because of a North American boom in hydraulic fracturing.

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