The majority of people cringe at the thought of rising gas prices. The negative impact it has on the economy is no doubt great. As oil nears $100 a barrel and with the primary oil producing region of the world in constant political unrest, it is highly likely that this trend will continue. If you believe as I do that oil will continue to rise how should you invest?
Oil demand is rising and a large percentage of the current supply is in the Middle East which is growing more and more unstable therefore the need to find more has never been greater. That's why you should be in the oil services stocks. My favorite is TransOcean (RIG) a stock that is up 66% over the last 52 weeks. I think you should buy in here at its current levels and squeeze out another 10% before the end of the year. Expect this stock to exit 2007 at $144 dollars per share.
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