The oil sector is buzzing with rumors at the moment, and, as usual, the financial news channels have absolutely no idea how to handle it.
One day, they'll be talking about OPEC abandoning its oil deal and letting oil prices fall.
The next, they'll be all over a drop in stored U.S. oil driving prices up.
You'd be forgiven for not knowing what on Earth is going on and thinking you should just stay out of the energy market altogether.
But nothing could be further from the truth. In fact, now is a great time to get in. You see, there's a reason why oil prices nosedived so fast recently...
And why they're recovering at record speed.
Here's what my contacts are telling me...
Why You Can't Trust the Mainstream Financial News
Last October, you saw what a French contact had shared with me about oil price manipulation. Now, "manipulation" is a serious word. It's not something I throw around lightly.
But so is what some companies are doing in the oil markets today.
You see, back then the name of the game was betting on oil prices to fall and then scaring people to make it happen. The Chicken Littles from The-Sky-Is-Falling Brokerage, as I like to call them, have been making a handy profit this way for years.
Some of that still happens. When watching or reading financial news, always be sure to check whether the person selling you doom and gloom about oil has any personal stake in it. Too often, TV channels will require so-called experts to say whether they have invested in oil or oil companies, but won't ask whether they (or their families) are shorting oil and making money on its fall.
The same goes for larger companies. Be careful when listening to an investment bank or hedge fund release its analysis on oil for free. Remember, these are companies. Their goal is to make money. If they are giving you their thoughts on where oil is going, you can bet they're hoping you'll believe them - and that they stand ready to profit if you do.
Investment banks, for example, are some of the largest short players on oil in the market. But trying to convince the public that oil is about to crash in order to make money off that crash is one thing.
The price manipulation my contacts are telling me about now is reaching outrageous proportions.
And I've been in this business a long time...
I've Never Seen Oil Price Manipulation Like This Before
Here Are 10 “One-Click” Ways to Earn 10% or Better on Your Money Every Quarter
Appreciation is great, but it’s possible to get even more out of the shares you own. A lot more: you can easily beat inflation and collect regular income to spare. There are no complicated trades to put on, no high-level options clearances necessary. In fact, you can do this with a couple of mouse clicks – passive income redefined. Click here for the report…
About the Author
Dr. Kent Moors is an internationally recognized expert in oil and natural gas policy, risk assessment, and emerging market economic development. He serves as an advisor to many U.S. governors and foreign governments. Kent details his latest global travels in his free Oil & Energy Investor e-letter. He makes specific investment recommendations in his newsletter, the Energy Advantage. For more active investors, he issues shorter-term trades in his Energy Inner Circle.
Only comment is would enjoy twice a week oil information. Small time operator producer who's been around "the patch" since 70's.Traded futures, got kicked around real good when in my 20's, 30's now 70 will dip my fingers off and on into ETF or ETF option markets, oil and prescious metals.
Appears to me $60 bbl by years end very very logical! Thinking small ETF positions or options for leverage on same fairly decent risk/reward ratio. Annnnd?