Fund of the week: a nice frothy head of profit

Tim Guiness of the Investec Global Energy Fund believes you're missing 'the opportunity of a lifetime' if you don't invest in oil right now.

The price of oil might be scaling record highs, but you would be missing the "opportunity of a lifetime" if you backed off investing now, or so says Tim Guinness, manager of the Investec Global Energy Fund.

Look at the way the developed nations gorged themselves on oil between 1950 and 1970. If the developing nations do the same and they are showing every sign of doing so the run up in oil has a long way to go yet. Prepare yourself for $150 a barrel before the end of the decade, Guinness told Reuters.

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