I knew, once that little business with the Greek voting is over and done with, the oil problem is going to snake out of the shadows and back into the headlines. I can’t say I am really so excited, (having an oil stock) because oil is doing a high-jump for every little headline about Iran. This morning, it’s three things – the relief over Greece and that means the euro is up and dollar is down, then there’s Iran’s flirtation with nukes. Check out this Reuters article.
The effect of the Iran embargo will be felt longer term. Overseas Shipholding Group Inc., the largest U.S. crude-tanker owner, said on Feb. 10 that the pool in which its ships operate will no longer go to Iran after the European Union agreed to an oil embargo.
The thought of how this problem has been going on for so long, that’s the one that worries me, it seems there is going to be more high-jumping to go on.
Exciting yet sickening, but we can’t do anything with the problem can we? So may I suggest getting in with some investments in this field, and turn the crisis into an opportunity.
I’ve always said, big money would invest in the oil itself, but small investors like us can always invest in the companies that produce the oil, their suppliers, the refiners, the transport companies. A lot of them are traded in different exchanges around the world.
Royal Dutch Shell
Santos
BHP
Chevron
Chesapeake Energy
