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Home › Forums › Financial Markets/Economics › $100 barrel of oil, here we come…. › Good time to make lemonade

November 1, 2007 at 7:07 AM #94114
Raybyrnes
Participant

Good time to make lemonade out of lemons. Oil prices going up mean that alrternative energy substitutes will become more economical.

How would this ply out. Think Solar. Polisilica is used to make processing chips for INTEL but they are also used in Solar Panals. One stock I have been following in MEMC stock symbol wfr.

The dollar weakening means that our exports become cheaper. How do I benefit form this. Think shipping industry. DRYS and otehr shippers should do well in this enrirnment.

Oil prices up mean that it is more valuable to drill for oil. How do I benefit . What about looking at a company like RIG.

The way I see the rise in gas and profits of the oil company is that my 401k is up about 18% year to date. Part of that is comprised of energy sectors taht I have been the benefitciary of. The bottome line is that if you can’t beat em join em.