Alexei Miller, chief executive officer of Russian-based OAO Gazprom, the world’s biggest natural-gas company, has said that crude oil prices will reach $250 a barrel in the “foreseeable future.”

According to Bloomberg, crude oil prices this high would likely plunge the US, Japan and Europe into deep recession. US gas prices would rise to $7 a gallon. Global economic catastrophes would ensue.

Ian Davis in the Growth Stock Wire, however, reckons crude oil prices are headed in the opposite direction…