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Oil to reach over $150/bbl in 12-18 months

A prominent hedge fund manager says oil price will break through historic highs within the next 12-18 months

oil drum

The shift from fears of a double-dip recession and deflation into an inflationary period will be the main driver behind oil reaching new highs, which in turn will push up energy and commodity company valuations, says Kaha Kiknavelidze, managing partner at hedge fund firm Rioni Capital.

"Overall, we are coming out of a debt crisis and a deflationary environment and into an inflationary one that

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