Bud's Offshore Energy (BOE)

Forbes article: “Oil Is Going To $300 A Barrel”

The title grabs your attention, but the justification isn’t terribly compelling. The author simply adjusts the brief 2008 price spike ($200/barrel) for inflation to justify his forecast.

Per the author:

The thing about commodities like oil is that while they can be acutely volatile because of supply and demand and political events, long term their price is a function of the technology needed to create them and the state of inflation in the denominating economy.