It seems the US has options - we are not beholden to hostile oil supplies (or at least we shouldn’t be.) It is time the US makes the right decisions, the decisions that deliver a prosperous energy policy. With a well-defined USSEP we can see to it that our national interests are protected and our economic needs sufficiently met.
Does this mean anything in today’s dollars?
A lot of this stuff is off on the horizon, but the pace at which it is being considered and implemented is encouraging. Still, there are short-term drivers that deserve our attention …
I recommend this idea only for more speculative investors who can act quickly and are willing to assume some additional risk. Let’s do this by using a 2x-leverage ETN that targets falling crude oil prices - PowerShares DB Crude Oil Double Short ETN, symbol DTO.
Investment Idea: DTO (Last Price: $43.35)
Buy shares of PowerShares DB Crude Oil Double Short ETN, symbol DTO, at the market.Then place an order to sell all shares of PowerShares DB Crude Oil Double Short ETN, symbol DTO, at $35, STOP; this order is good till cancelled.