Trading The "Dictators" Of Russia, Bolivia and Venezuela As Oil Prices Soar
What do Vladimir Putin, Evo Morales, And Hugo Chavez all have in common? They rule with an iron fist and their countries sit on enormous energy reserves. Considering the energy markets are perilous already, what’s your trade as these leaders threaten to use their nation’s resources for power and position?
Eric Bolling says Iran has been in the headlines because they produce 4 million barrels of crude a day. But Russia produces 9 million barrels, and Venezuela makes 3 million.
Eric recommends investors buy Chevron (CVX) because they produce, refine and replace. And Eric adds, as always buy some gold and water.
On APR 2, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders Bolling Owns (ICE), (NMX), (DIS) , Gold, Silver, Pali Capital Is A Market Maker In (NIHD), Pali Capital Is A Market Maker In (NEWC), Strazzini owns (T), WWE Programs Air On SciFi And USA, Networks Of NBC Universal, NBC Universal Is The Parent Company Of CNBC