Right now, my Emerging Growth energy equipment and service stocks are on fire! It doesn't hurt that Goldman Sachs recently rattled markets with its dire prediction that crude oil prices could shoot up to $150 to $200 per barrel within the next 6 to 24 months. Yikes! Goldman promoted further uncertainty with the caveat that predicting the "ultimate peak" in crude oil prices and the duration of the current updraft "remains a major uncertainty." Since Goldman first predicted oil soaring to $100 per barrel more than two years ago, their ominous warning now carries much more credibility.

Additionally, potential supply threats from Iran and Nigeria have contributed to rising crude oil prices. So far, Nigerian unrest has cut off nearly 25% of the country's light sweet crude oil to the U.S. Any supply disruptions anywhere in the world have severe consequences at the present time. If you take a glance at some of the stocks performing the best in my current Emerging Growth Buy List, it's easy to see how global energy sector stress transfers into a demand for solid energy plays.

Summer Driving Season

Even though there has been recent evidence of slowing crude oil imports from China and the U.S., it will likely be very hard for much near-term price relief until after U.S. demand moderates post Labor Day when the summer driving season ends. We are now entering the peak season for worldwide crude oil demand. In case you are wondering why diesel prices are so high, it is because the U.S. is now making "clean diesel" that is in high demand in Europe and the rest of the world, so U.S. diesel is now being exported. In turn, the U.S. continues to import gasoline from other countries.

OPEC, which accounts for 40% of the world's oil exports, is not scheduled to meet until September. An OPEC delegate recently raised the prospect of an OPEC meeting to increase production before its September meeting. The pressure is on for them to bolster production, an action already requested during their past meeting in March. It might not be long before they finally give in to industrialized leaders requests.

Brazil's the Talk of the Town

Brazil is now the talk of the oil world. The country is a bright spot in terms of oil in the Western Hemisphere, with production declining in Mexico and Venezuela, which are currently the two traditional regional oil powers. Clearly, the rise of Brazil as a major oil exporter would be good news for the U.S., which is increasingly relying on oil imports from West Africa and the Middle East.

Profiting Energy Plays

In conclusion, the future remains bright for my many Emerging Growth energy companies, like BOLT Technology (BOLT), Acergy (ACGY) and Gulfmark Offshore (GLF), to name just a few. In order to learn more about various other energy technology and services stocks that are benefiting from worldwide energy demand subscribe to my Emerging Growth newsletter. Each month I give you a background on what is going on with the economy as well as how this specifically affects the stocks on my Buy List. I also point out the Top 5 stocks you must own now, while letting you know which stocks you should buy and sell.

Our energy stocks will continue profiting in this environment. If you want to make money in this market so that you can afford higher energy prices, join Emerging Growth today! Sign up right now and you can grab the next 90-days of Emerging Growth absolutly risk-free! Plus we'll send you 14 of Louis Navellier's popular free reports! Sign up right here!