Crude oil prices have slumped over $23 over the last 17 days.

This opens up a great long-term investment play, says Jon Herring at Investor’s Daily Edge.

Crude oil will push higher again. And dwindling reserves will force oil majors to shell out trillions of dollars on oil and natural gas exploration.

So follow the money: Buy the strongest oil service sector stocks and ETFs now, and hold for the long term. 

Crude oil prices are through the roof today. The black go rose more than $5 on renewed worries that Israel is about to whack Iran’s nuclear facilities.

According to a report in The Jerusalem Post: “Israel Air Force (IAF) war planes are practicing in Iraqi airspace and land on US airbases in the country as a preparation for a potential strike on Iran.”

High oil prices are here to stay, says John Herring in Investor’s Daily Edge. But stay clear of oil majors if you want to profit. The best way to play the situation is the oil service sector…

But don’t expect oil to stay down for long. High prices are here to stay, and I believe we’ve seen the last…