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13 Jan, 2012

Oil Stock Investors See Profits As Prices and Tensions Rise


Austin, TX (PRWEB) January 11, 2012 — The price of oil will rise in 2012, according to analysts at Absolute Wealth, an authority site aimed at providing expert advice and news to the investment community and those interested in financial issues.

The price of gas is, of course, connected to crude oil prices, and the financial world currently has its eyes on Iran as it threatens to close the Hormuz Strait – the waterway where most of the oil of the world must pass through via sea tankers. The United States has promised to keep the Strait open – which is another way of saying that they will use military force if Iran attempts to shut down the world’s oil supply.

The Absolute Wealth website analysts are predicting that the price of oil will rise in 2012 and thus create an investment opportunity for energy stocks investors who are looking at oil stocks.

Energy stocks investors have their eyes on the NYMEX oil price, the oil price per barrel and the price of gas, as well as important issues like the Hormuz Strait dispute which can drastically affect the market.

The International Energy Agency (IEA) currently has a plan to release up to 14 million barrels per day (bpd) of oil stored in the United States, Europe, Japan and other importers, if Iran acts on its threats and closes the Hormuz Strait. This would start to stabilize the price of oil but would not be a permanent solution.

For a look at today’s oil prices, investors can review the stock prices of Chevron, British Petroleum, Exxon, and Royal Dutch Shell Oil. Oil stocks are also being challenged by alternative energy public offerings which are coming out by the hundreds, such as First Solar Holding, LLC, Evergreen Solar, INC, and DayStar Technologies, INC