Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) President Predicts that Oil May Hit $100 per Barrel
Gerald Bailey says events in Middle East and Venezuela may push oil prices higher Two years ago, Bailey accurately predicted the start of an upward oil price trend Petroteq’s unique technology can extract oil from sand at a cost of $25 per barrel The director and president of Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) has said that oil prices could reach $80 per barrel this year and rise further up to $100 in the near future. Dr. R. Gerald Bailey was appearing in an interview with Fox Business on May 23, two years after he made another prediction of…