Shocking Prediction: Part II – The ‘Second Phase’ Of The Oil Boom Could Eclipse The First Last week, I told you about how the “second phase” of the oil boom could make the first phase look like small potatoes (you can read the article here ). At the end of my article, I mentioned that if the price of oil drops below $70 per barrel, horizontal drilling plays could see their margins shrink considerably, along with investment returns. I know a lot of oil investors are worried about that potential outcome, so I wanted to write this follow-up to show you why I think high oil prices are here to stay, and why over time they’re likely to go higher. If you think we’ve escaped “peak oil” and oil prices are destined to fall… think again. Back in 2008, before the financial crisis […]