How to profit form high oil prices? This is a question that many investors must be asking themselves today after crude oil prices shot past the $122-a-barrel mark.

Before you try to profit from high oil prices, you need to know if high prices are here to stay.

Alex Green at InvestmentU.com is not so sure. “A lot of smart people are beginning to believe this bull market will die hard,” says Alex, in his article “Is Oil Becoming the ‘Mother of All Bubbles?’“

This from Bloomberg:

Royal Dutch Shell Plc said a militant attack on a pipeline has cut as much as 169,000 barrels a day of Nigeria’s Bonny Light crude production as rebels claimed responsibility for two more strikes today.

Crude futures contracts in New York have hit fresh highs of $117+ a barrel on the news of the attacks. Crude oil prices climbed to a new record after Shell said exports would be cut — the highest since futures started in 1983.