A variant view on oil from Ecstrat’s Emad Mostaque:
With oil cap-ex essentially falling off a cliff the stage will be set for a significant supply fall-off by 2017, meanwhile demand will continue to steadily increase. This should result in oil prices rising back above $100/barrel according to Mostaque. However, Mostaque’s most interesting call is to get long Iran when it opens up to foreign investors next year – that’s about as contrarian as it gets and it actually makes a lot of sense.