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Oil Prices: 2 Ways to Hedge Against Global Oil Demand
Hurricane Ike is bearing down on the oil fields in the Gulf of Mexico, the Saudi’s are cutting back on production, there’s been little reduction in demand from Asian countries… and yet oil is in retreat.
Why doesn’t supply and demand seem to apply to oil? Well – as we’ve been witnessing the past few weeks – it does. Oil prices are now on the verge of breaking through the $100 barrier.
In response, the stocks of companies who are even remotely connected to its production and distribution have gotten punished – down by 50% or more in some cases – in…
17Sep2008 | Investment U | Comments Off | Continued
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