This is the third article I have written since March imploring people to buy oil, and now gas. Time is running out. This is the first time I have ever repeated a subject in one of my articles, but this is such a great opportunity it deserves one more shot for those who may have missed it.
It looks like it will be another volatile week in the energy markets. On one side of the balance, a tremendous economic slowdown and an overabundance of oil are pushing prices down, while the other side of the balance, rather empty until now, has the threat of a major strike propping prices up. Here’s two ways to play it.
Oil prices could fall as low as $20 a barrel in early 2009, says Jason Simpkins. But don’t expect these low prices to last long. Dwindling investment will prompt a longer-term supply crunch, which will send crude to new record highs. Jason gives seven ways to profit from this coming spike.
We shouldn’t get too attached to low gas prices, says Keith Fitz-Gerald. Crude oil prices will soar before long, making driving an expensive habit again. But Keith says savvy investors can ‘hedge’ against this rise by buying into these three oil and gas ETFs now.
Yesterday, the U.S. Department of Energy reported the biggest BUILD in crude oil supplies in a decade, indicating a fall off in demand. Meanwhile, gasoline stockpiles FELL by 4.5 million barrels. This says gas consumption continues to rise. So how can you profit from these divergent moves in energy markets? Easier than ever before actually!