Fund Manager: Get Long Big Oil, Stay There
Mutual fund manager Mike Shinnick talks about how to pick energy stocks in a time of decreasing production. Also discusses his bullish case for oil (Asian demand and "cheap oil" disappearing). Highlighted picks: Marathon (MRO) and Devon (DVN).
From Yahoo Breakout:
More like this...The Fed Coiled the Oil Price Spring
Each $1 rise in a barrel of crude equals roughly $100 billion wiped from U.S. GDP. Yes we are that dependent on crude. $200 oil would likely turn this current double-dip into a full-blown depression.
Jim Rogers: 'Crude oil prices will continue to rise for years'
Jim Rogers takes on oil prices, his favorite currency and why the dollar is losing status as the world's reserve currency.
China's Next Oil War
Editor Chris DeHaemer reports as China tosses down the gauntlet in the South China Sea.
East Texas: The Epicenter of US Oil Profits
Keith Kohl ruminates how Eastern Texas is still pumping out oil profits while sliding down the backside of the Peak Oil curve, and spies potential in new drilling technology.
Bernanke Isn't Worried About Oil Prices, But You Should Be
Ben "Reverse Indicator" Bernanke isn't concerned about higher prices, and assures us they will be temporary. Uh oh...