The uncertainty from the crisis in Iraq, where a terrorist group has seized a big chunk of territory and declared itself a nation, has pushed oil prices higher in recent weeks, and the situation figures to remain unsettled for months.
In a Tuesday appearance yesterday on CNBC's "Closing Bell" program, Money Morning Global Energy Strategist Dr. Kent Moors discussed his outlook for the strife in Iraq and what it will mean for oil prices.
"I think the situation in Iraq is about to deleverage, and deleverage quickly," Dr. Moors said. "We're looking at a virtual guarantee of that country splitting into three parts, and there's very little that can be done about it now."
Even so, Dr. Moors said that certain oil companies were actually benefiting from the recent turbulence in crude oil prices. He talks about why this is happening - and provides three stock picks - in the video below...