oil price8 Jul 2018 11:32
Energy
Energy
Oil and Gas
Utilities
Renewable Energy
Big oil is sowing the seeds for a 'super-spike' in crude prices above $150, Bernstein warns
•Oil prices could top all-time highs as energy companies invest too little money in new production, Bernstein Research warns.
•The underinvestment could cause a super-spike "potentially much larger than" $150 a barrel.
•Reinvestment in oil reserves is the lowest in a generation, while the amount of time those reserves will last has shrunk since 2000, according to Bernstein.
Tom DiChristopher | @tdichristopher
Published 11:16 AM ET Fri, 6 July 2018 | Updated 12:15 PM ET Fri, 6 July 2018