Some of that volatility could be a result of the current debt crisis in Europe. But Cargile believes, "the impact is much smaller than what most people anticipate. However, it may lead to a slowdown or a recession in Europe, which means lower oil demand and that should reduce the price of oil."
But demand isn't the only thing that could impact the price per barrel.
"When you look at the European currency....as their currency falls, the dollar rises. And as the dollar gets stronger, that means it takes less or fewer dollars to buy a barrel of oil. So you tend to see the price of oil decline as the dollar strengthens," says Cargile.
Even so, his outlook remains positive. "We expect prices to maintain strength and to stay strong. Eventually, you will see some slowing of demand in the emerging markets as the debt crisis moves from Europe to the emerging markets, but i think that will be offset by strong demand in the us. "
Another major concern for investors is the ongoing threat to supply coming from Iran. I'll speak with Cargile about that next week. He'll also tell us when the best time will be to invest, and his advice may surprise you. That's all coming up on Big 2 News next Thursday night at 10pm.