iShares Dow Jones US Oil Equip. (ETF) (AMEX:IEZ)
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The new gold
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demand for oil
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Market is going up over the next year.
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Catch it when oil is low.
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Oil services are being lifted primarily on the supply constraints - new production being brought online are no longer compensating for the declines in oil production from mature fields (classic example is Mexico's Cantarell) - witness crude oil production having stagnated since 2005.
Supply constraints will drive higher prices, given that there's little progress in alternative energy sources, especially for transportation. Look for this trend to be mitigated once viable alternatives (such as broad adoption of electric cars) are available.
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We have to improve what we are doing to develope more local oil and energy sources.
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Increase for oil. Very true to form for next centry. We are running out, prices continue to rise and there is no exspetion here with the core of any company. The tool made to get it.
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The principal of supply and demand seems to dictate that even if oil were to go dowm to 70/bbl, which some are prediction,the majors (ande the smaller guys) will be out there looking for more oil, be it conventional, oilsands or even shale. This being the case there would seem to be an ongoing need for the ewqupment to do the exploration and extraction of the oil.
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how can you buck the trend re: oil and gas exploration, and the companies that do the dirty work to find these precious resources. This 'boom' is not even close to over until we get serious about alternatives to oil, and politically, that's not about to happen with so many waco libs and greens.
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iShares Dow Jones US Oil Equipment Index. As oil increases in price the equipment manufacturers should do really well
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My best gain in my profile YTD.
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Oil needs drillers, and this is a driller ETF.
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