CW8888: It is extremely hard to look far into the future! Then in 2013; the forecast of oil price into $150 and above

Wells Fargo and a number of other lenders are negotiating to take control of a hedge fund previously valued at more thanĀ US$2 billion that is now worth close to nothing, according to a report from the Wall Street Journal.

REUTERS: Wells Fargo and a number of other lenders are negotiating to take control of a hedge fund previously valued at more than US$2 billion that is now worth close to nothing, according to a report from the Wall Street Journal.

EnerVest Ltd., a Houston private equity firm that focuses on energy investments, manages the private equity fund that focused on oil investments. The fund will leave clients, including major pensions, endowments and charitable foundations, with at most pennies on the dollar, WSJ reported…