Saturday, November 1, 2014

Time to Buy Oil Stocks?

The last time I filled up my car, I paid $2.90 a gallon for gasoline.
Amazing. I really didn't think we'd see gas prices under $3 a gallon again...
As a consumer, I love it. I'm saving around $60 a month. I'm sure plenty of Americans are saving even more.
But as an investor, I have to wonder if this drop in oil prices is a good thing. Can U.S. producers survive $80 a barrel oil? Perhaps more importantly, can we continue to make money from oil stocks?
Investors have made a bundle from a new breed of oil companies working the shale fields like North Dakota's Bakken and the Eagle Ford in Texas, which have pushed U.S. production to levels not seen since 1986. (more)

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