A war is brewing between Saudi Arabia and Iran. And the effects have rippled across the oil market. The CBOE Crude Oil Volatility Index (OVX) has surged 63% since hitting its yearly low in April.
But while speculators try to make a quick buck on what happens next in the Middle East, you could still bank 111% over the next 12 months with one of the best MLPs to buy.
The reality here is that the world needs oil, and it'll need it for a long time to come. And the United States is the biggest oil producer.
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In fact, since the hostilities in the Middle East have begun to ramp up, the American Petroleum Institute (API) says U.S. oil inventories have soared by 10.5 million barrels to 432.5 million barrels.
The API also projects the United States will only continue to increase oil production for the next two decades.
That means there's money to be made in oil no matter what happens.
Instead of trying to pick which oil firms are going to have the most profitable oil wells, savvy investors will shift their attention to midstream firms that transport and store the oil.
That's where our top MLP to invest in comes into play.
You see, oil MLPs exist in the midstream sector. They transport and store oil in thousands of miles of pipeline across the United States.
MLPs don't have to deal with the risks and expenses of exploring for and refining oil.
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The best part is that our Money Morning Stock VQScore™ system has found one top MLP to invest in. It earned one of our highest scores, confirming its 111% upside potential.
And the best part about it is that it pays a 9.7% dividend yield...
One of the Best MLPs to Buy Right Now
About the Author
Daniel Smoot is a Baltimore-based editor who helps everyday investors with stock recommendations and analysis. He regularly writes about initial public offerings, technology, and more. He earned a Bachelor's degree from Towson University.