Finance Guru Matt Badiali has been recently warning investors that Oil prices are likely to rise in the near future. Badiali believes energy is about to change in a big way, although the demand for Oil will still rise while this change slowly begins taking place. Graduating with his Masters of Science in Geology from Florida Atlantic University, Mr. Badiali knows a great deal about the natural energy industry. After attending the University of North Carolina for his PhD until 2004 he entered the world of finance. Investors who’ve followed Matt Badiali’s advice over the years have seen double, even triple-digit returns on their investments after following his advice.
Oil Prices Are At Record Highs
Matt Badiali has told investors that the price of crude oil has never been higher. As of October 3rd, 2018, the closing price for crude oil was 86.20 dollars per barrel. Experts back in June did not predict this rise in oil prices as most of the oil-rich nations had stated that they will no longer cut oil production. This had the inadvertent effect of causing a drop in oil prices, going as low $45 dollars a barrel in 2017. Since that time, Oil has nearly doubled in price.
Prices May Be Set To Rise
Matt Badiali informed investors that Oil production maxed out in the United States due to bottleneck issues in both transportation and the pipelines. The main problem responsible for these issues is the way in which oil is transported within the United States. Our railroad system is outdated and unfortunately, this impacts our oil prices as most of the United States Oil is transported throughout the country by rail. The supply for the rest of the year appears to be tight at the present moment, this may fuel a spike in the price per barrel as we approach the holidays.