Monday, January 01, 2007

Energy Hot Spots to Watch in 2007.

Christopher Edmonds of Pritchard Capital and highlighting the energy spots to watch in 2007 in this interview with Bloomberg News. The hot spots include Iran, Russia, Nigeria, Oklahoma, and Iraq. [Okay, one of those was thrown in to see if you've cleared your head yet from New Year's - Happy New Year, btw.] Chris suggests a 'normalized' (I assume this means the price absent a geopolitical event) price of oil is $55-65, and that if troubles develop in one of these areas, a spike to $80-100 a barrel oil is possible.

Bloomberg News: Christopher Edmonds of Pritchard Capital Partners.