Rail transit is about to make you some big money…in oil.That’s why I’ll be headed to Dallas in late August and Calgary mid-September for extensive meetings with all of the key players.
After banking some very hefty profits for Energy Advantage and Energy Inner Circle subscribers on refining stocks earlier this year, the entire sector now is about to land “between a rock and a hard place.”
Once a high-flying place for investors to earn substantial profits, refiners have been under pressure for the last two months. But that’s actually just the beginning of what’s to come.
Most investors have followed what the Fed’s QE policy has done to gold, but few realize its impact on oil prices.
Recently, I talked about how crude was beginning to occupy a position as a store of market value (“Why Oil Is Becoming the New ‘Gold Standard,” May 20, 2013). The development has been a direct consequence of the flight from holding gold.
Investors searching for how to invest in oil in 2013 should be focused on these latest developments from the Arctic.
Last July, we warned you that oil prices could potentially be manipulated in similar fashion to the London Interbank Offered Rate (Libor), and now a recent raid of major oil companies highlights this growing danger to the $3.4 trillion-a-year crude market.
This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
This is a syndicated repost published with the permission of Sober Look. To view original, click here. Opinions herein are not those of the Wall Street…
Tags: energy price, Energy Prices, energy prices 2013, oil price, Oil Prices, oil prices 2013
This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…