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Big oil is sowing the seeds for a 'super-spike' in crude prices above $150, Bernstein warns

Tom DiChristopher

Oil prices could top all-time highs as energy companies invest too little money in new production, Bernstein Research warns. Reinvestment in oil reserves is the lowest in a generation, while the amount of time those reserves will last has shrunk since 2000, according to Bernstein. Oil prices could top all-time highs near $150 a barrel because energy companies are investing too little money in new production, Bernstein Research said Friday.