Oil prices have gone up over 60% from their low just a few months ago. That’s an astounding result. Some smart traders just got very rich. Why didn’t most investors embrace the oil bull market? Information overload.
I predicted an energy boom for 2016 in this column on January 7th of this year. (I also predicted a tech bust, but more on that later.) I’m going to claim victory now, even though I expect prices to still climb before year-end, maybe even spike from the Canadian wildfires, and certainly remain volatile. Why was I so sure?
