Halliburton (NYSE: HAL), A No-Brainer to Own as Oil Prices Rise

Things are getting out of control in Iraq, and it's the latest sad chapter in what has arguably been one of America's biggest foreign policy stumbles of the past few decades.

Now, regardless of how you may feel about the Iraq war from a moral or strategic perspective, there is no denying the current disturbing facts on the ground right now.

Islamic extremist group ISIS, which is affiliated with al Qaeda, now has seized control of the city of Mosul and several other major Iraqi cities, and they are moving south quickly with their sights set on wrestling control of Baghdad from the current government.

This troubling trend is one that's caused geopolitical upheaval, and that upheaval is being reflected today in the price of crude oil. In fact, the price of both WTI crude oil and Brent crude surged to new highs for the year as it became clear that the violence in one of Iraq's major cities had escalated into what could be an overthrow of the U.S.-backed government. (more)

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