Forbes Video Network:
Energy trader Eric Bolling offers insight into a business that’s heating up from the energy crunch.
Oil will hit well over $100 and stay high-Rogers
By Barbara Lewis
LONDON, July 6 (Reuters) – Oil prices will soar to well over $100 a barrel and stay high as part of a sustained commodities bull run that has another 15 years to run, billionaire U.S. investor Jim Rogers told Reuters in an interview.
Oh, Canada’s Oil Sands
By Robert Aronen
October 19, 2005
We’ve heard the story a thousand times: The world’s oil is all located in politically unstable countries whose interests are opposed to those of the United States. Yet we have continued to increase imports for more than three decades, creating a dependence on foreign oil that is not easily broken.
Of course, we all know who has the oil. One country boasts the largest reserves on earth. Within the coming decades, its production will likely stand head and shoulders above every other nation’s. Our unfavorable trade balance with this country could politically destabilize and humiliate the U.S. No, I am not talking about Saudi Arabia.
Gas at $4 per gallon?
We have been spoiled with low gas prices in the United States – Europeans would love to see gas prices FALL to $4 per gallon.  As we approach hurricane season, spikes in gas prices may become a reality. How can you protect yourself from higher gas prices?Â
One way is by owning oil stocks.  As the price of oil increases, so will the stock prices of your oil investments. This will offset the increase in driving and heating cost. The article below discusses using USO, an exchange traded fund, to hedge your gas bill.