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Oil: A Slick Gift for the Holidays

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Oil slipped 3.7% last week but that’s a near-term setback, say some investment strategists, who continue to predict triple-digit prices looking ahead.

For instance, in his morning missive, Dr. Ed Yardeni of Yardeni Research writes today that he expects global economic growth will remain robust next year, pushing commodity prices still higher. He predicts the price of oil will rise to $100 a barrel.

So, with that forecast in mind, perhaps this could make for a compelling stocking-stuffer for Christmas:

“Wine bottles have been flying off the shelves at gas stations in Tioga and Stanley recently.

Bakken Formation Wine, however, isn’t meant for drinking.

The bottles, being sold at Cenex gas stations in Tioga and Stanley, are filled with Bakken oil “Vintage 100 million years,” according to the stickers on the bottles.

Diane Clark, station manager at the Tioga Cenex station, said 1,000 bottles of Bakken Formation Wine were made.

“All proceeds will be set aside for donations to local charitable organizations in the Tioga and Stanley areas,” said Clark. Bottles of Bakken Formation Wine have a sale price of $10.”

Each bottle is filled with Bakken sweet crude. One bottle is equivalent to about one 200th of a barrel of oil. (Hat tip: Carpe Diem)
POSITION:  No positions in stocks mentioned.