10-28-2014, 09:01 AM
What do you folks make of the "End of oil era" that has been making rounds?
For e.g.: Dennis Gartman's call, Goldman Sach's call for depressed prices, oil futures even 7-8 years out trading at the $80 range etc.
While I dont think we are at the end of the era, I see the dependency continue to decline slowly and gradually over the coming years and decades. I am more bullish on natural gas and think that natgas will be big this century just as oil was in the last.
Heres an interesting graph from Deutsche Bank Research.
![[Image: oil-natgas.png]](http://roadmap2retire.com/wp-content/uploads/2014/10/oil-natgas.png)
For e.g.: Dennis Gartman's call, Goldman Sach's call for depressed prices, oil futures even 7-8 years out trading at the $80 range etc.
While I dont think we are at the end of the era, I see the dependency continue to decline slowly and gradually over the coming years and decades. I am more bullish on natural gas and think that natgas will be big this century just as oil was in the last.
Heres an interesting graph from Deutsche Bank Research.