Oil gonna re-test 2008 highs $147 this summer..
Based on the economy getting better combined with Iran tensions (Fuel prices: Iran missile launches send oil to $147 a barrel record), we have a perfect storm brewing in 2012 to send oil back to re-testing $147. So what do we do to hedge against this oil increase? You buy a mixed bag of oil drillers, & Oil service & suppliers.
Some stocks to look at: ROSE, CIE, BHI, RIG, APC, and PACD a much smaller driller which just started drilling in Brazil