IPFS News Link • Energy
Buy Oil, Not US Stocks: Marc Faber
• www.cnbc.com"On the upside, if you look at some other commodities like copper, then obviously oil prices could go up substantially even from these levels," Faber told CNBC's Indian partner TV-18 in Mumbai. "I don't think that oil is expensive compared to other commodities or compared to other goods prices in the world."
"Further gains would obviously depend on some political problems — some interruptions in oil supplies or a possibility of the global economy experiencing some kind of a crack-up boom," he said.