I don’t like $100 oil any more than you, but at least can make profits by investing in the companies that are
benefiting from rising energy prices.
And don’t think that oil prices are going down any time soon. Unlike the supply shortages that triggers rising gas
prices in the 1970’s, today’s high prices are demand based.
That extra demand is coming from Asia, especially China. The Shanghai Daily News reported that China Academy of Social Sciences expects oil demand to increase by 62% by 2020.
I agree that 2020 is a long ways off, but I have no doubt that China will continue to use more oil and push oil prices higher and higher. Make sure your
portfolio has some energy in it.
My favorite? Husky Energy.
