One of the biggest collapses this year hasn’t been in stocks. Crude oil has lost half its value since it peaked at just under $150 a barrel in July. Today, a barrel of the black goo sells for just over $80.

Outstanding Investments co-editor Byron King says “it seems like the investment locomotive — energy, resources and related infrastructure — has derailed.”

Does this mean you should sell your resource stocks? Byron says selling now would leave a lot of value on the table. That’s because resource stocks are now priced well below their intrinsic value.

Crude oil prices have been highly volatile this. From its $146 peak in July, the black goo is down at $87 a barrel.

It’s a scary time to be a direct investor in oil. But Byron King says is one way of sidestepping the wild price swings: investing in tanker ships.

“As long as people continue to use oil,” says Bryon, “there will be some consistency to the tanker business.”

There is a relatively tight market for charters. And many good reasons why there won’t be a capacity glut in coming years.

Why are precious metals moving upwards? After all, the market smashed them down all summer as the dollar strengthened. The short answer is that right now gold and silver are the only decent game in town.

Crude oil prices have climbed in the last 48 hours. But at around $97 a barrel the black goo is still down $50 from its all-time highs of July.

Energy and oil expert Byron King says this fall seems less severe when put in a longer-term perspective; crude oil prices are still up around $20 from this time last year.

Byron says a terrible outlook for the US dollar and dwindling supply will ensure oil remains on a long-term uptrend…

Under normal circumstances it would be headline news. Crude oil prices today dropped below $91 a barrel on worries that the crisis on Wall Street will hit the global economy hard and reduce demand.

Energy and oil expert Byron King says this is “a temporary condition.” Oil has dropped mainly on a strengthening dollar. But the fundamentals for the US economy don’t support a long-term dollar rally.

Over the long term, Bryon advises investors to rely on oil’s strong fundamentals and the strong fundamentals of commodities in general.