Marc Faber : "...Yes. If I were an investor, I would have some exposure to energy. Of course, the price will fluctuate but if I look at the dynamics of demand and supply, over time the demand will exceed the supply because what has happened since 2007 is that in the developed economies, the demand for oil and energy has come down, but in emerging economies, it has continued to grow. However, now the demand is picking up in the developed economies like the US and Europe. So, global oil demand is now reaching a new high above the 2007 levels. Therefore, prices will rather trend upwards than downwards. ..."
in ET Now
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
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