3 cheap, recession-busting stocks!
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Lock in Crude Profits Now
You have to love OPEC. It’s not uncommon for the barons of the giant cartel to voice their interest in seeing oil at such-and-such
a price.Recently, OPEC reiterated its desire to see oil prices at $80 per barrel. This, they claim, is the price needed to spur additional
investment in crude projects. Apparently, anything less will result in oil sitting idle in the ground.Personally, I’d like to make a million dollars a year watching grass grow. But since that particular work only yields that particular
paycheck in Jamie Dlugosch World, I spend my energy on more realistic ways to put food on the table.Indeed, despite having a ton of power, OPEC has little control over the price of crude. The real power in the oil market is
held by the trader and the ability to use massive amounts of leverage to take positions with small amounts of capital. Such a
state led to the rise to $150 per barrel last summer and the resulting crash to $30 earlier this year.
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