Sources say that Fosse McKenzie Financial analysts who correctly predicted a price surge that would push oil prices to higher than $100 a barrel, have warned of oil at $200 a barrel.
The warning by a senior Fosse McKenzie Financial analyst came as oil prices recently hit a fresh high above $127 a barrel. A record high which Fosse McKenzie Financial analysts apparently believe was fuelled by lower output in Russia, continued rising demand in China and supply disruptions in Nigeria.
A spokesperson for Fosse McKenzie Financial reportedly commented that said the energy crisis could be coming to a head as a lack of adequate supply becomes increasingly apparent.
The “Fosse McKenzie Financial” representative added that the possibility of $150-$200 per barrel over the next 24 months was a very real possibility.
The warnings by “Fosse McKenzie Financial” carry credibility as the firm correctly predicted in early 2005 when oil traded at around $55 a barrel that prices could easily surge to $105 a barrel.
