×

What's the best way to profit on high energy prices?


Gas prices in the northwest section of the District of Columbia at this Exxon Gas Station are seen at more than $3.25 per gallon, Saturday, May 19, 2007, in Washington. A cash crunch is fast approaching for the government trust fund that pays to build and repair highways and bridges. The federal tax on a gallon of gas has not risen in 14 years and Congress is reluctant to increase it. People are demanding more fuel-efficient vehicles _ less gasoline used, fewer dollars for the fund.   (AP Photo/
Haraz N. Ghanbari
Gas prices in the northwest section of the District of Columbia at this Exxon Gas Station are seen at more than $3.25 per gallon, Saturday, May 19, 2007, in Washington. A cash crunch is fast approaching for the government trust fund that pays to build and repair highways and bridges. The federal tax on a gallon of gas has not risen in 14 years and Congress is reluctant to increase it. People are demanding more fuel-efficient vehicles _ less gasoline used, fewer dollars for the fund. (AP Photo/

"I would love to think there was a way to profit, but for the very small investor to put more money in your pocket requires buying less of their product. My advice is to combine driving less and carpooling to minimize the effects of high prices."
-- Charles, Oklahoma

"Own stock in an oil company. It's not the supply of crude driving up prices at the pump; it's the gouging of the public. Which explains why the oil company profits are setting new records every quarter!"
-- Harry T., Maryland

"The large integrated energy companies are very attractive to me. I own Chevron and Chesapeake because these companies also focus on domestic USA production which I think is the sweetest spot in the industry."
-- Paul, Washington

"Stay home or use your bike, period."
-- Stephen L., Quebec

"The best way to profit from high oil and gas prices is to give them what they want: conservation! Nobody drive a car, bus, train, plane, for one week."
-- Frank, New York

"Canadian energy trusts, pipeline companies, and refiners."
-- Jim, New Jersey

"The safest bets are investments in oil exchanges like ICE and Nymex. Turnover is up as people need to hedge in a very volatile market."
-- Bernard A.

"Buy big oil, refiners, drillers, pipelines and oil service companies."
-- Mitch H., Texas

"Where I grew up when the price of something got too high there would be increased thefts of the item and a lucrative black market in the product. It happens more and more with cigarettes today because of taxes and will likely start with gas very soon. I guess the other way to profit would be to become CEO of one of the big energy companies."
-- Ray M., Florida