$100 Oil Fears Subside — For Now
November 30, 2007 by Miranda Marquit
Filed under Finance
In classic oil style, just as we were getting worked up into a frenzy about the price of oil, it has dropped, easing fear of $100 oil. This is good news, since it will leave a little extra money in your pocket for holiday shopping. But it is important to note that oil prices hovering around $90 a barrel are not likely to last.
Maybe look for some alternative energy investments to diversify your portfolio. They’ve been doing well, some of them, but with oil prices back down, the fervor over funding alternatives to the “black gold” will subside. Meaning you can get bargains on alternative energy investments before they gain again during the next oil price spike.
Just remember: alternative energy investments are risky, and you should be prepared for that.
Disclaimer: I am not an investing professional. All investment carries the risk of loss. Research on your own, and/or consult an investment professional before making investing decisions.
