The Crude Oil Contango: How to Profit From Rising Oil Prices

Editor’s Note: Last Saturday, we sent out a special broadcast on an oil situation called “Contango.” We’ve received a lot of response from that broadcast. Many investors have jumped on the crude oil contango bandwagon in recent days. But not all of them are doing it correctly. Take a look at the follow up below, and you’ll see why.

You might think you’re properly invested in oil, but you could be wrong.

Despite reaching lows since 2004, the long-term outlook for oil is still up. Maybe not $147 a barrel like the old days (i.e. six months ago), but because of supply, demand,…

Global Investing Roundups

AT&T Disconnecting 12,000 Jobs; Credit Suisse Announces 5,300; Capital One Puts Chevy Chase in Its Wallet; Argentina Announces $3.9 Billion Stimulus, Jobless Benefits at 26-year High; Dupont Cuts 2,500 Employees; Williams-Sonoma Beats Estimates; Oil Falls 5%

• AT&T Inc. (T) said it would scale back 12,000 jobs, about 4% of its workforce, between now and the end of 2009 to fight "economic pressures, a changing business mix and a more streamlined organizational structure." It will also take a severance charge of nearly $600 million for the fourth quarter, Reuters reported. 

• Credit Suisse Group AG (ADR: CS) will scale back its workforce, eliminating 5,300 workers,…

Global Investing Roundups

South Korea Plans $10.8 billion Stimulus; KKR IPO Delayed Again; DryShips Posts 71% Profit Growth; Oil Slides Below $64; Manufacturing Hits 26-year Low; Viacom Profit Down 37%; Cars Sales Plummet;

• South Korea’s government announced plans for a 14 trillion won ($10.8 billion) economic stimulus aimed to create an extra 200,000 jobs, extend tax breaks for factory investments and increase infrastructure spending and development. Relief measures announced this year now total 33 trillion won, according to the finance ministry, Bloomberg reported.

• Initial public offering plans for buyout firm Kohlberg Kravis Roberts & Co. have again been delayed, this time because its Amsterdam-listed affiliate…

Get On the Other Side of the Pump

If there’s one thing I’m certain of, it’s that casino owners don’t have a soft spot for gambling addicts.

In the same vein, auto body shops don’t want you to drive safely and Norton and McAfee don’t give a crap who’s hacking into your computer (and are probably hoping it continues).

You shouldn’t feel bad either. In our free market economy, no one is stopping you from profiting from oil the same way the big boys do.

Currently, the price of a barrel resides right at $100. That’s a 32% discount from the high only two months ago. Admittedly, I didn’t even think…

Investing in Africa

African Profits

Zanzibar, Dar es Salaam, Mombasa, Mogadishu, Mumbai, Mangalore…all trading cities along the fabled rim of the Indian Ocean. These eastern African cities thrived between the 12th and 18th centuries, with ships sailing in and out on monsoon winds. They will thrive again on the tailwind of a long-term bull market in commodities.

“From here in Africa, we sailed with ivory, mangrove, coconuts, tortoise and cowrie shells,” says an old sailor named Bwama Shafi in a dusty, old issue of National Geographic. “From Arabia, we brought dates, whale oil, carpets and incense. From India, pots, glassware and cloth. Trade was our…