
Saudi prince Alwaleed said recently that he believes global oil prices will never reach the $100 level again. Considering Alwaleed’s investment track record plus his inside track knowledge of petroleum policies, it would be foolish to ignore this man’s prognostications. After all, it was Mr. Alwaleed who rushed in to snap up tons of Apple stock when Apple was all but flat on its back looking for direction after it booted its CEO Gil Amelio. Alwaleed made a killing off that deal and still owns a nice chunk of Apple. That’s just one of the deals that highlight why Alwaleed’s finance company is one of the most successful investment firms in the world. He also publicly warned the Saudi Arabian government about the pricing threats posed by the North American shale oil industry. The Saudis originally ignored him until they realized their market share was eroding thanks to American drillers. Maybe if they listened to Alwaleed sooner, global oil didn’t have to face an almost overnight price crash. Regardless of how you cut it, this man is definitely worth listening to.
With over 20 years experience in the heart of the investment industry, Ben Myers has become one of the most respected commentators in the financial world. Having worked for global institutions such as HSBC and Bank of Ireland, Ben ran his own successful investment company in the UK before becoming a chief analyst at ECMarkets and now YesOption. Ben remains a keen forex, stocks and crypto trader and is a regularly featured analyst for a number of online news portals including bbc.com, investing.com,