Boca Raton, FL (PRWEB) July 08, 2011
James Di Georgia, the editor of GoldandEnergyAdvisor.com and author of such books as the Global War for Oil: The coming oil shock and The New Bull Market in Gold: $1,000 Gold and the Many Ways to Profit from it, has a reputation for being one of the more colorful and controversial gold and oil analysts in the world. DiGeorgia was one of the very few to predict $100 oil and $1,000 gold a few years ahead of those commodities reaching those levels.
While appearing as a featured analyst on CNBC, The Street.com and FOX Business and Bloomberg in recent years, DiGeorgia has shown an uncanny accuracy with his bold predictions. Now, he is doing it again, predicting that oil will trade between $85 - $110 in the next 12 months, and will likely rise to $150 in the next three years.
DiGeorgia’s predictions are based on recent announcements that the Paris-based International Energy Agency (IEA) will release oil from global strategic petroleum reserves (SPR) around the world. The IEA said it plans to release 60 million barrels over a 30 day period. The United States will participate in the plan by releasing 30 million barrels. The U.S. uses about 20 million barrels per day. The rest will come from Europe (20%), and Asia (30%). The reason given for the release by the IEA was the supply disruptions from Libya.
“This release,” says DiGeorgia, “is very small compared to global consumption, which his close to 90 million barrels per day.” He predicts that depleting supplies and rising global demand will cause oil prices to rise much higher in the long run.
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About The Gold and Energy Advisor
The Gold and Energy Advisor is a monthly newsletter that covers the precious metals and energy markets, with the single goal of delivering money making recommendations to its subscribers. It also provides frequent updates and special reports about investing. The Gold and Energy Advisor is edited by James DiGeorgia, who has extensive experience in precious metals and the energy markets, and is considered one of the world's foremost authorities in both areas.