America is the world’s premier energy producer. Natural gas and oil production is up 60% since 2008. This boom in energy is offering opportunities … and obstacles.
As oil prices rise, investors are jumping into oil stocks. However, there’s a good reason why we do not own any oil-producing companies in the Real Wealth Strategist newsletter right now.
The room was unanimous on that point. They didn’t want to hear about oil. Yet in the face of all those commonly held beliefs, the price of oil rallied.
Some see oil prices continuing to climb throughout 2018. That may be the case by the end of the year, but for now, oil prices are set to take a dip lower.
The price of oil is nearly 200% higher today than it was at the bottom in 2016. And we could easily see oil prices spike to $100 per barrel on bad news.
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