Wall Street seems to think that America’s shale industry will be able to save us from higher oil prices in the months and years ahead. But with shale oil production shutting down, that seems like a long shot…
Crude oil prices rise and fall, leaving Americans cheering (or groaning) over gas prices at the pump. But oil prices are influenced by far more than the rise and fall of supply and demand. Middle Eastern politics and other global events influence oil, making the resource a central, but volatile, part of American life.
After an 80% gain, many investors would be looking for an opportunity to short the asset. When it comes to oil, this is not that time. In fact, this isn’t a rally you want to short … it’s one you want to buy.
Oil prices are low for now, but demand is rising in China, India and the U.S., and refiners are already in “max gasoline mode.” One thing’s certain, out of sync oil means profit … if you’re prepared.