Mon, Jul 6, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

oil at $200 a barrel, a fund manager’s view

Friday, May 25, 2007

From Benedicte Gravrand, Geneva: Canada’s Canoë / Le Journal de Montréal reported that Jean-François Tardif sees only one direction for the mid to long-term oil prices: upwards. Mr. Tardif thinks that within 10 years, the price of a barrel will be US$200 or more. The fund manager of Sprott Opportunities Hedge Fund can only find arguments in favour of the increase in the value of ‘black gold’.

“It is always difficult to predict the short term direction. But the mid to long term trend is bullish”, he said recently in a telephone interview from his Toronto offices.

Mr. Tardif is sincere; he believes in the American geophysicist Dr Marion King Hubbert’s theory, who predicted in the 50s that the oil production in the U.S. would reach its highest point in 1970 before declining. According to the theory applied on a world scale, we should be currently at the height of production capacity.

Unprecedented historical growth Oil prices, just as that of all other products, evolve according to supply and demand. “Demand keeps on increasing”, Mr. Tardif said, ”especially in Asia. And the rate of the growth is unprecedented in history”. He reiterated that over the last 25 years, the fastest rise in demand has come from the U.S., at an average of rate of 1.5% per year. Whereas demand in Asia, especially in China and India, has increased by 5% per year. And it is not to supply 300 million inhabitants, but nearly 3 billi......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Nvidia extraordinary growth and the challenge of sustaining demanding valuations over time[more]

    Antonio Di Giacomo, Senior Market Analyst at XS.com, writes: Nvidia has established itself as one of the most extraordinary growth companies in the global technology sector. Over the past two fiscal years, its revenues have risen from levels close to $60 billion annually to well above $120 billi

  2. Secondaries take center stage: What the 2026 PE landscape means for GPs and investors[more]

    Matthias Knab, Opalesque for New Managers: The 2026 edition of Dechert's Global Private Equity Outlook - "Signs of a Gradual Thaw" - marks a notable shift in industry sentiment. After years of compr

  3. And, finally: Time to share it with the people[more]

    From Newsoftheweird: Leavenworth, Washington, has become a tourist destination because of the Bavarian theme businesses have adopted there, NPR reported. One shop, the Leavenworth Nutcracker Museum, houses the world's largest nutcracker collection, thanks to 101-year-old Arlene Wagner. Wagner sta

  4. Opalesque Exclusive: Private Markets Evergreen Funds - An Insider's View[more]

    Matthias Knab, Opalesque for New Managers: Private Markets Evergreen Funds: What Investors Need to Know Before They Dive In The democratization of private markets is well underway. Structural barriers t

  5. Opalesque Exclusive: Governance, Scale, and Boutique Resilience in a Consolidating Hedge Fund Industry[more]

    Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m