War in Syria could cause Price of Oil to rise quite substantially

Oil price has already been rising. but could rise further depending on the expansion of the hostilities. Do not forget that Assad, though not a close ally, is aligned with Iran's policy. Therefore, if he is attacked, Iran may perceive this as an attack on Iran and may counter react. The hostilities could escalate and that may mean that the price of oil could rise quite substantially.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

You want to be in Gold, Silver, Platinum and Oil

‘You want to be in gold, silver, platinum and also oil. If you believe in a recovery of asset prices as a result of money printing, you should be in hard assets, particularly precious metals. If you want to own shares, I would own some resource companies- I would also own some Asian shares.’ - Marc Faber


Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Worst Case Scenario For Oil

The Worst Case Scenario For Oil: If The Unrest Spreads To Saudi Arabia
In this most extreme, worst-case scenario for the oil markets, serious unrest spreads to Saudi Arabia. In this case, it does not really matter if Libya or any other producers are shut down or not. Saudi Arabia is OPEC's biggest producer and the world's biggest current holder of spare capacity. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

I do not think that the world can produce sufficient oil in a Goldilocks scenario

Marc Faber on CNN 03_09_11  Marc Faber : ...well all commodity prices have run up very substantially in the last say six months copper oil nickel and so forth ....and all are due for a correction , the question is what happens thereafter and quite frankly I do not think that the world can produce sufficient oil in a Goldilocks scenario where by the developed world Europe the US Japan recovers and the emerging world continues to grow in that case the demand will outstrip the production facilities and so prices will go up if everything looks good and if everything collapses in the world and we have turmoil in the middle east and so forth then obviously supplies will be curtailed very substantially , prices will go ballistic on the upside ..."
"well I think I have been concerned for quite sometime that in the western world notably in the US we had excessive credit growth , and the excessive credit growth especially in the years 2000 to 2007 caused the financial crisis , and now excessive private credit growth have been replaced by excessive government credit growth , so ...which is even worse , the private sector is actually quite efficient it is the government that is usually inefficient , so I think that we are postponing the problems and one day the hour of truth will happen then the global economy and in particular the financial system with all the derivatives and leverage and so forth will collapse and then you will have a reboot it's like when your computer crashes you have to reboot it " as to how to play this market Marc Faber answers : "I am actually quite optimistic I drive motorcycles in Thailand "
"well I think if you look at different asset classes , cash which is usually the safest in the world and government bonds these two assets classes in my scenario of eventual complete collapse are very dangerous , so then you have asst classes like equities , they can go down of course and you have real estate can also go down , precious metals can also go down but at least you still have something , so I would suggest to investors : if you are ultra pessimistic about the eventual outcome before it'll happen you have massive money printing then you'll have war and in both instances you do not want to be in cash or government bonds you want to be in equities precious metals and commodities and in real estate in the country side "
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Oil may go up substantially from current levels: Marc Faber

Speaking to CNBC-TV18, investment guru Marc Faber said oil prices could go up substantially from current levels.

Marc Faber : ..."...if you look at some other commodities like copper, then obviously oil prices could go up substantially even from these levels. I don’t think that oil is expensive compared to other commodities or compared to other goods prices in the world. But that would obviously depend on some political problems — some interruptions in oil supplies or a possibility of the global economy experiencing some kind of a crackup boom. A crackup boom is a boom that is driven by artificially low interest rates, easy monetary policies and debt growth.

The private sector debt growth has slowed down but it has turned up again. At the same time we have, of course, a huge expansion in government debt. That should not be forgotten.

These crackup booms don’t last. They are not sustainable but they can last six months to one year to 18 months and then a renewed setback occurs in the global economy....."

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

global oil demand is now reaching a new high above the 2007 levels : Marc Faber

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.