Guinness: Oil price can return to $150

Ahead of IW's Fund Management Summit, to be held on 23-24 September 2014 in London, here is a preview of the event, with thoughts from one of our speakers.

Tim Guinness (pictured) is chief investment officer of Guinness Asset Management. In his speech to delegates at the Fund Management Summit, he will discuss the energy revolution, fracking and shale gas. Guinness runs a $239m Global Energy Fund, a $9.9m Alternative Energy fund, and a Sustainable Energy EIS. What sectors of the energy market are most appealing? Which would you avoid? We believe the average oil price over the next few years is likely to rise, with $150/bbl oil by the end of the decade very plausible. As a result, we are attracted to global and regional exploration an...